Heinz Hermann Thiele & family

$17.99B

as of 02/23/21

About Heinz Hermann Thiele & family

Heinz Hermann Thiele's Knorr-Bremse AG is the world's leading manufacturer of braking systems for rail and commercial vehicles.

Coming from modest means and working his way through law school, Thiele joined the firm's legal department in the late 1960s and took over control in the mid-1980s.

He withdrew from operational duties in 2007, chaired the supervisory board, was named honorary chairman in 2016, and took the company public in 2018.

Son Henrik, who was supposed to join Knorr-Bremse's board in July of 2015, suddenly left the company due to differences with his father.

Thiele also owns 50% of railroad equipment maker Vossloh; he left his position as head of the company's advisory board in 2017.

Personal stats

Citizenship

Germany

Source of wealth

brakes

Birth date

04/02/41

Number of children

Education

LLM, University of Munich

Self-made

self-made