Gunter Herz Net Worth $27 Billion
Herz – What Is It?
Gunter Herz is a German entrepreneur who has an estimated net worth of $2.7 billion as of March 2013. Based on Forbes, he’s the 34th richest individual in Germany and is ranked 527th in the listing of World Billionaires.
Herz brought in his estimated net worth of $2.7 billion when, along with his siblings, he inherited a fortune from their father, Max Herz, who’s a java magnate. For 35 years, their father is the head of the household ‘s Tchibo Holding which is currently called Maxingvest AG. In 1977, the firm bought a 25% stake in the publicly listed Beiersdorf AG. In 1980, it has got a stake in Reemstma, a European cigarette company. Such stake was increased to 76% over time.
In 2002, Gunter stepped down as the CEO of the group. His two children, Michaela and Christian, sit on the management board of the firm.
Gunter Herz obtained, in 2006, the shipping classification company Germanischer Lloyd. In December 2012, it has consented to merge with Norway’s Det Norske Veritas and can be called DNV GL Group.