Michael Herz

$6.98B

$84.8M (1.2%)

as of 11/22/24

About Michael Herz

Together with his brother Wolfgang, Michael 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.

Personal stats

Citizenship

Germany

Source of wealth

Coffee

Residence

Hamburg, Germany

Marital status

Married

Birth date

09/28/43 (age 81)

Self-made

inherited

Michael Herz’s fortune is worth

116K

troy ounces of gold

107K

median U.S. household

70K

median U.S. income

0.14%

U.S. credit card volume

0.028%

GDP of the United States

0.021%

United States debt

Net worth history

Annual ranking

Did you know?

A fourth brother, Joachim, died in a motorboat accident in 2008.

Net worth over time

Real-time ranking

Financial assets

XETRA | BEI-DE

Beiersdorf AG