Walter P.J. Droege
Overview
- Source of Wealth
- Investing
- Industry
- Finance & Investments
- Residence
- Dusseldorf
- Marital Status
- Married
Assets
- ALSO Holdings5,124,000 shares @ --ALSN-CH
Biography
Walter P.J. Droege and wife Hedda im Brahm-Droege founded Droege Group in 1988. It is one of the world's largest advisory and investment practices.
Droege Group has a hybrid business model, providing expertise to consulting clients and making "buy-and-build" investments, which is now its focus.
By providing capital, management resources and "value-add" know-how, it follows an "Entrepreneurship-as-a-Service" principle in engaging with clients.
In 2018, Ernest-W. Droege, the couple's eldest son, joined the management board and succeeded his father as CEO.
Droege Group is active in 30 countries and generates around $12 billion in annual revenue.
About
Walter, who remains on the board of directors, owns 78% of the group. Hedda is vice-chairwoman of the supervisory board and holds 22%.
They're avid collectors of contemporary art and exhibit pieces by world-renowned artists like Gerhard Richter in their offices.