Wolfgang Herz

Wolfgang Herz
Born 1950
Residence Hamburg, Germany
Nationality German
Occupation member of Maxingvest's Supervisory Board
Known for Co-owner, Tchibo
Net worth $4.1 billion (January 2015)[1]
Parent(s) Max Herz and Ingeburg Herz
Relatives Michael Herz (brother)
Gunter Herz (brother)
Daniela Herz-Schnoekel (sister)
Joachim Herz (brother, deceased)

Wolfgang Herz (born 1950)[1] is a German businessman, co-owner of the German coffee shop and retail chain Tchibo.

Early life

Wolfgang Herz is the son of Max Herz and Ingeburg Herz.[1] Max Herz co-founded Tchibo in 1949 with Carl Tchilinghiryan.

Career

In 2007, the Tchibo holding company, changed its name from Tchibo Holding AG to Maxingvest AG.[2] It is 100% owned by three members of the Herz family, Ingeburg Herz (Max Herz's widow), and two of her sons, Michael and Wolfgang Herz. In 2003, they bought out their brother, Gunter, and sister, Daniela Herz-Schnoekel. In 2008, their brother Joachim died in a motorboat accident.[1]

According to Forbes, Herz has a net worth of $4.1 billion, as of January 2015.[1]

Personal life

Herz lives in Hamburg.[1]

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 "Wolfgang Herz". Forbes. Retrieved 24 January 2015.
  2. Sarah Arnott (2008-07-11). "Tchibo coffee family 'to back' GfK's counterbid for TNS". The Independent on Sunday (London). Retrieved 2009-08-30.