Philipp Boehringer

Philipp Boehringer's fortune is derived from Boehringer Ingelheim, the world's largest private player in the pharmaceutical industry.

Founded in 1885 by Albert Boehringer, the company sold ingredients to pharmacies, textile merchants and the food industry, and grew to a workforce of 1,500 by the time of his death.

Today Boehringer Ingelheim employs 53,000 people and has a presence in 130 markets.

Some of its most well-known drugs treat COPD, anti-coagulation and type 2 diabetes.

Philipp along with 14 members of the family -- all in the third, fourth or fifth generation, own equal parts of the company.