Dieter Schwarz

$36.89B
$368.5M (-1%)
as of 07/20/24

About Dieter Schwarz

Dieter Schwarz's Schwarz Group, with revenue of over $160 billion, is comprised of the Kaufland and Lidl (rhymes with needle) discount supermarkets.

Schwarz inherited the company from his father, Josef, who became a partner in Suedfruechte Grosshandel Lidl & Co., a fruit wholesaler, in 1930.

Dieter opened the first Lidl store in 1973, became CEO in 1977 when Josef died, and built Schwarz Group into Europe's largest retail empire, with 500,000 employees.

Lidl entered the U.S. in 2017, promising to convince consumers to "Rethink Grocery." Its stores are mostly in Virginia and North and South Carolina.

Schwarz Group is owned by a foundation, technically a limited liability company, but Dieter maintains full control and is the effective owner.

Personal stats

Citizenship

Germany

Source of wealth

Retail

Residence

Neckarsulm, Germany

Marital status

Married

Birth date

09/24/39 (age 84)

Number of children

2

Self-made

inherited and growing

Dieter Schwarz’s fortune is worth

615K

troy ounces of gold

568K

median U.S. household

369K

median U.S. income

0.738%

U.S. credit card volume

0.148%

GDP of the United States

0.109%

United States debt

Net worth history

Annual ranking

Did you know?

The Dieter Schwarz Foundation supports education and daycare facilities for children, as well as science and research projects.

Net worth over time

Real-time ranking

Images © Forbes.com. All rights reserved.