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Michael and Rainer Schmidt-Ruthenbeck Net Worth

German businessmenMichael and Rainer Schmidt-Ruthenbeck have an estimated net worth of $2.2 billion as of March 2013 according to Forbes. Understood to be media self-conscious, the brothers own 16% shares of the retailing company Metro which will be based in Germany but operates in Asia, Europe and particular elements of Africa. Compared to last year, Michael and Rainer Schmidt-Ruthenbeck’s prosperity fell by $100 million due to Europe’s weakened market in the last 12 months. Once regarded as the third biggest retailing company on earth, Metro was set up in 1964 by theSchmidt-Ruthenbeck family,Otto Beisheim along with the Haniel family. Besides Metro, the brothers can also be the owner ofTravel Charm, which can be a chain ofluxury resorts and hotels in Austria, Italy and Germany.

Michael and Rainer Schmidt-Ruthenbeck Net Worth $2.2 Billion


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