Wolfgang Herz
Overview
- Source of Wealth
- Coffee
- Industry
- Fashion & Retail
- Residence
- Hamburg
Assets
- Beiersdorf AG49,661,000 shares @ --BEI-DE
Biography
Together with his brother Michael, Wolfgang Herz derives his fortune from two of Germany's most recognized companies: Tchibo and Beiersdorf.
Their father, Max, along with Carl Tchiling-Hiryan, founded Tchibo, which imports and sells coffee, in 1949. Max passed away in 1965.
Tchibo expanded into retailing a range of other consumer goods and services including clothing and electronics.
Family holding company maxingvest ag controls 100% of Tchibo and around 47% of the voting shares of Beiersdorf, whose brands include Nivea and Eucerin.
Older brother Guenter and sister Daniela Herz-Schnoeckel were bought out in 2003.
About
Max Herz came up the idea of opening stores where coffee could be both sipped and sold over the counter -- a forerunner to Starbucks.
A fourth brother, Joachim, died in a motorboat accident in 2008.