Dieter Schnabel is a German entrepreneur with an estimated net worth of $7.2 billion. He is the possessor of the chemical company, Helm AG. The business ‘s sales grew to 20 percent with $12.7 billion gain in 2011 which played a major part in the increase of Schnabel’s net worth.
Dieter Schnabel Net Worth $7.2 Billion
Produced in 1946 in Hamburg, his father proved to be a German entrepreneur who took over Helm AG in 1950. In 1968, Dieter additionally joined the business and became an active member. Later, in 1984 he was appointed the CEO, when his father the founder and leader of Helm AG took retirement. Dieter continues to be developing the business from a trading house to making it international promotion organization. The advancement of the organization has been immense and from 1984 to 2004, the company’s revenue touched $3.5 billion. Wed to some German-Mexican lady, Dieter is blessed with three children. In the beginning of 2012 Stephen, his eldest son, also became part of the long running family business and is working in the industrial chemical and pesticides section. Dieter Schnabel is rated 15th in Germany and 223rd Globally, in the listing of The World’s Billionaires of Forbes Magazine.