Robert Toennies
#3013

Robert Toennies

Germany 48 years old

Overview

Source of Wealth
Meat processing
Residence
Rheda-Wiedenbrück

Biography

Robert Toennies owns 50% of German food industry giant Toennies Lebensmittel, with annual revenue of around $6 billion.

Operating meat, convenience, ingredients and logistics divisions, the company specializes in pig, sow and beef cattle slaughtering and processing.

Robert's father, Bernd, and uncle, Clemens, cofounded Toennies Lebensmittel in 1971. It employs more than 15,000 people in Germany and Denmark.

Bernd died in 1994, at age 42. Robert inherited his stake and now serves on the board of advisors of the holding company.

Clemens and his son Maximilian own the other 50% of Toennies Lebensmittel.

About

Robert fought in court with Clemens for several years. In 2017, they settled their dispute over ownership of stakes in the company.

Toennies Lebensmittel is expanding into China in partnership with Dekon Group, a move that reportedly has contributed to renewed tensions between Robert and Clemens.