⬅ # 220 Thomas Struengmann|# 222 Xavier Niel ➡

# 221 Andreas Struengmann 

$10.8B

Real Time Net Worth
as of 10/9/2024
$46.1M (0.43%)

# 221 Andreas Struengmann 

$10.8B

Real Time Net Worth
as of 10/9/2024
$46.1M (0.43%)
OccupationCofounder, Hexal
Source of WealthPharmaceuticals
Age74
ResidenceTegernsee, Germany
Marital StatusMarried
Children2
EducationMedical Doctor, University at Buffalo
Age-Adjusted Net Worth$4.20B
Andreas Struengmann
Andreas Struengmann
Germany
Net worth: $10.8B

Self-Made Score 

Luminox Men's Sea Sport Timer Automatic 0920 Series Watch

Wealth History

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Biography

Overview

Andreas Strüngmann, born in 1950, is a German businessman.
In 1986, he co-founded Hexal AG, a generic drugmaker, which became Germany's second-largest generic drug producer.
Hexal achieved $1.6 billion in sales during 2004.
In 2005, Andreas and his twin brother Thomas sold Hexal and their 67.7% stake in U.S. Eon Labs to Novartis for $7.5 billion.
This sale made Novartis's subsidiary Sandoz the largest generic-drug company globally.
At the age of 56, Andreas Strüngmann accepted an executive position at Sandoz, a generics division of Novartis.
He and his brother Thomas were early backers of BioNTech, a biotech company that partnered with Pfizer to develop a Covid-19 vaccine.

Investment Activities

Andreas and Thomas Strüngmann invest in various sectors, including biotech, pharma, life sciences, and healthcare.
They conduct their investment activities through Santo Holding, based in Zug, Switzerland.

Philanthropy and Research Center

In 2008, the Strüngmann brothers established a neuroscience research center in Frankfurt.
The center is named after their father, Ernst Struengmann, reflecting their commitment to advancing neuroscience research.

Andreas Struengmann's Wealth is Equivalent to:

8,329,484 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

2,047,304 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

110,583 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Andreas Struengmann?

If you started with $10,000 and invested an additional $500 each month at a 43.88% CAGR, it would take you 5 years to reach Andreas Struengmann's net worth of $10.8B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 59.83% compared to 21.72% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Andreas Struengmann is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Andreas Struengmann, Pharmaceuticals is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

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Edited by: Lee Bailey