⬅ # 1807 Somsri Lamsam|# 1809 Qiu Wensheng

# 1808 Hamdi Akin 

$1.78B

Real Time Net Worth
as of 4/12/2024
-$267 (-0.00%)

# 1808 Hamdi Akin 

$1.78B

Real Time Net Worth
as of 4/12/2024
-$267 (-0.00%)
OccupationMajority Owner, Knorr-Bremse
Source of WealthDiversified
Age69
ResidenceIstanbul, Turkey
Marital StatusDivorced
Children3
Age-Adjusted Net Worth$970.92M
Hamdi Akin
Hamdi Akin
Turkey
Net worth: $1.78B

Wealth History

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Biography

Overview

Nadia Thiele inherited her fortune from her late husband, billionaire industrialist Heinz Hermann Thiele, who died in February 2021 at age 79.
The biggest piece of her fortune is a stake in brake-system firm Knorr-Bremse AG; her late husband took control of the company in the mid-1980s.
Alongside her step-daughter Julia Thiele-Schuerhoff, Nadia Thiele is a member of Knorr-Bremse Global Care's Executive Board, the company's affiliated charity organization.
When he died, Heinz Hermann also owned 50% of railroad equipment maker Vossloh and 12.4% of German airline Lufthansa.

Philanthropy

Thiele supported various philanthropic causes, including Knorr-Bremse Global Care.
He sponsored institutions like the Bavarian State Opera, Lenbachhaus art museum, and the Deutsches Museum in Munich, along with the Technical University of Munich.

Personal Life

Heinz Hermann Thiele and Nadia Thiele had two children and resided in Munich.
Their daughter Julia serves on Knorr-Bremse's supervisory board, while their son Henrik is involved in an electric charging technology startup.
Thiele passed away on February 23, 2021, in Munich at the age of 79.

Knorr-Bremse AG

Knorr-Bremse AG, established in 1905, manufactures braking systems for rail and commercial vehicles.
The company's portfolio includes intelligent door systems, control components, air conditioning systems for rail vehicles, and transmission control systems for commercial vehicles.
With over 31,000 employees worldwide, Knorr-Bremse achieved sales of EUR 7.15 billion in 2022, operating in over 30 countries with 100 locations.
In 2018, Knorr-Bremse appointed Marc Llistosella as a member of the Executive Board and CEO.
The company's history dates back to its foundation by engineer Georg Knorr, initially focusing on railway braking systems and expanding into commercial road vehicle braking systems in 1922.

How long would it take you to become as rich as Hamdi Akin?

If you started with $10,000 and invested an additional $500 each month at a 44.18% CAGR, it would take you 5 years to reach Hamdi Akin's net worth of $1.78B.

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 36.27% compared to 8.51% for the S&P 500 benchmark.

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

Hamdi Akin 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 Hamdi Akin, Diversified 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.

Edited by: Lee Bailey