Hans Riegel Net Worth $29 Billion
Hans – What Is It?
German entrepreneur Hans Riegel has an estimated net worth of $2.9 billion as of March 2013. Based on Forbes, he is the 32nd wealthiest man in Germany as well as the 490th on earth.
Produced Johannes Peter Riegel on March 10, 1923 in Bonn, Germany, he has amassed his estimated net worth of $2.9 billion when he took over and managed Haribo, the confectionery manufacturing company, since 1946. It was founded by Johannes “Hans” Riegel Sr. in 1920 and was based in Bonn.
The organization made the initial gummy candy in 1922 after Hans Sr. made the first gummy bear. Regardless of the weak economy in Europe, the firm has expanded its operations and took over many local sweet manufacturers in countries all around the world. Now, it is among the biggest manufacturers of gummy and jelly sweets. The weak economy in Europe’s merchandise consisted mostly of Gummy Bears, Vademecum sugarfree chewing gum, and Maoam fruit chewies as well as other jelly sweets and liquorice.
Considered the Gummy Bear billionaire, Riegel’s estimated fortune was upward by an impressive $600 million in the previous year as a result of increased sales. According to him, he was inspired to make more sweets after reading comic books and seeing movies intended for kids. With Haribo as a privately-held company, analysts have estimated its earnings at around $2.9 billion in 2011. Hans owns 50% of the firm and still runs it and is in-charge of promotion. The remaining 50% is owned by his brother Paul’s heirs. Paul’s son, Hans Guido Riegel, is the head of generation and technical questions. His two other sons, Hans Juergen Riegel and Hans Arndt Riegel, also sit on the supervisory board.