⬅ # 928 Brunello Cucinelli|# 930 Todd Wanek ➡

# 929 Christian Haub 

$3.75B

Real Time Net Worth
as of 10/28/2024
-$379 (-0.00%)

# 929 Christian Haub 

$3.75B

Real Time Net Worth
as of 10/28/2024
-$379 (-0.00%)
OccupationCEO, Tengelmann Group
Source of WealthRetail
Age60
ResidenceMunich, Germany
Marital StatusMarried
Children4
Age-Adjusted Net Worth$3.75B
Christian Haub
Christian Haub
Germany
Net worth: $3.75B

Self-Made Score 

Ternos Automatic Illuminated Analog Display with GMT Dual Time

Wealth History

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Biography

Overview

Christian Haub is a German billionaire businessman known for leading the Tengelmann Group, a retail conglomerate established in 1867, which now encompasses various sectors including home improvement, clothing, online retail, and food production.
As of August 2021, Haub's estimated net worth stands at US$2.9 billion.
He became the CEO of Tengelmann Group after his older brother, Karl-Erivan, went missing in 2018 and was declared dead in 2021.
In 2021, Christian bought additional shares in Tengelmann, becoming its largest shareholder with a 68.67% stake.

Career

Early Life and Education
Christian W.E. Haub was born in 1964 in Germany.

Career Highlights
Haub served as CEO of Montvale, New Jersey's Great Atlantic and Pacific Tea Company from December 1991 to February 2002.
He has been CEO of the Tengelmann Group since 2000.
Haub is the chairman and president of Emil Capital Partners.

Other Roles and Honors
Haub is a director of Metro Inc. in Montreal, Quebec, Canada.
He was a director of the Food Marketing Institute and BrightFarms.
Haub is a member of the Boston College board of trustees and an advisory board member of the Schulich School of Business at York University.
In 2009, Haub was honored as Grand Marshal at the German-American Steuben Parade in New York City.
He has collaborated with The Children's Health Fund and has been involved in philanthropic activities, including significant donations to the Tacoma Art Museum.

Personal Life

Christian Haub is married to Liliane, and they have four children.
They reside in Munich, Germany.

Business Ventures

Tengelmann Group
Founded in 1867, Tengelmann Group is a retail conglomerate based in Mülheim an der Ruhr, Germany.
Operations include OBI, KiK, babymarkt.de, and No Meat Factory.
The group also invests in startups and is active in energy services, audits, consulting, property management, and real estate development.

Subsidiaries and Ventures
KiK Textilien und Non-Food GmbH operates over 3,000 branches in Germany.
Obi Bau- und Heimwerkermärkte GmbH & Co. Franchise Center KG is a DIY store chain with over 500 locations in Europe.
Various supermarket chains, including Kaiser’s Tengelmann, have been sold to different buyers over the years.

Christian Haub's Wealth is Equivalent to:

2,888,376 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

709,934 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

38,346 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Christian Haub?

If you started with $10,000 and invested an additional $500 each month at a 43.72% CAGR, it would take you 5 years to reach Christian Haub's net worth of $3.75B.

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 60.38% compared to 22.68% for the S&P 500 benchmark.

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

Christian Haub 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 Christian Haub, Retail 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.

Affiliate Disclosure: Some of the links on this page are affiliate links. This means that, at no additional cost to you, we may earn a commission if you click through and make a purchase. We only recommend products or services we believe will add value to our readers.

Edited by: Lee Bailey