⬅ # 166 Donald Newhouse|# 168 Stephen Ross

# 167 Georg Stumpf 

$12.7B

Real Time Net Worth
as of 5/18/2024
-$6.5M (-0.05%)

# 167 Georg Stumpf 

$12.7B

Real Time Net Worth
as of 5/18/2024
-$6.5M (-0.05%)
OccupationFounder, Stumpf Group
Source of WealthReal Estate, Construction
Age51
ResidenceVienna, Austria
Marital StatusIn Relationship
Age-Adjusted Net Worth$23.3B
Georg Stumpf
Georg Stumpf
Austria
Net worth: $12.7B

Self-Made Score 

Wealth History

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Biography

Georg Stumpf was born on September 14, 1972, into the family of Georg Stumpf senior, a wealthy entrepreneur and friend of former Federal Chancellor Franz Vranitzky.
In 1994, at the age of 22, Stumpf founded the Stumpf Group with a startup capital of 1 million shillings provided by his father.
He started his entrepreneurial journey by obtaining a $35,000 loan from his father to kickstart the Stumpf Group.
Georg Stumpf invested in building the Millennium Tower in Vienna, the tallest building in the city, using support from the banking consortium consisting of Creditanstalt and a Commerzbank subsidiary.
In 2003, Stumpf sold the Millennium Tower to the German fund MCP for 145 million euros.
The Millennium Tower, reaching a height of 202 meters, surpassed initial height restrictions, with Stumpf negotiating with authorities to finalize the project's version and obtaining price reductions from construction companies.
Stumpf, along with Austrian entrepreneurs Mirko Kovats and Ronny Pecik, purchased the majority of the OC Oerlikon industrial group in Switzerland in 2005.
After the collapse of Oerlikon during the financial crisis of 2007–2008, Stumpf acquired the Exyte group.
Exyte, based in Stuttgart, Germany, is a high-tech EPC construction firm specializing in semiconductors and is the Stumpf Group's most significant asset.
In November 2022, Exyte announced a minority stake sale to BDT Capital, led by fellow billionaire Byron Trott.
Georg Stumpf enjoys playing golf in his spare time and has won several junior championship titles in Austria.
He grew up playing golf with Karl Ableidinger, who is now his vice chairman at the Stumpf Group.

How long would it take you to become as rich as Georg Stumpf?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Georg Stumpf's net worth of $12.7B.

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 42.76% compared to 11.89% for the S&P 500 benchmark.

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Georg Stumpf 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 Georg Stumpf, Real Estate and Construction are the primary sources. 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.

Edited by: Lee Bailey