⬅ # 484 Andrei Skoch|# 486 Ding Shijia ➡

# 485 Maximilian Viessmann 

$6.59B

Real Time Net Worth
as of 12/12/2024
-$15.7M (-0.24%)

# 485 Maximilian Viessmann 

$6.59B

Real Time Net Worth
as of 12/12/2024
-$15.7M (-0.24%)
OccupationCEO, Viessmann Group
Source of WealthHeating, Cooling Equipment
Age35
ResidenceBattenberg, Germany
Age-Adjusted Net Worth$35.8B
Maximilian Viessmann
Maximilian Viessmann
Germany
Net worth: $6.59B

Self-Made Score 

Mens Breitling Superocean 44mm Watch 1000 Meter Waterproof

Wealth History

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Biography

Overview

Maximilian Viessmann became wealthy as the CEO and executive board member of the Viessmann Group, a German manufacturer of heating, cooling, and renewable energy systems.
Viessmann oversaw the family-owned company's climate solutions portfolio until July 2022, when they sold the Climate Solutions Business to Carrier for EUR 12 billion, joining Carrier's Board of Directors afterward.

Biographical Information

Maximilian Viessmann is the great-grandson of the Viessmann Group's founder, Johann Viessmann.
Before joining Viessmann, he worked at Boston Consulting Group.
He holds a bachelor's degree in Industrial Engineering from TU Darmstadt and a master's from Karlsruhe Institute of Technology.
Maximilian Viessmann sits on the Board of Directors of Carrier Global after the sale of Viessmann's Climate Solutions Business to Carrier in 2023.

Career and Leadership

Maximilian Viessmann assumed responsibility as CEO of the Viessmann Group in January 2022.
Under his leadership, the company expanded globally with 22 production companies in 12 countries and sales offices in 74 countries, generating over 54% of its turnover internationally.
Viessmann oversees diverse ventures including investment, real estate, and digital innovation through VC/O.
He played a pivotal role in acquisitions such as Viessmann Kältetechnik AG and the Finnish Norpe Group, expanding the company's reach.
Viessmann initiated projects like heizung.de and Builder Wattx, aiming at providing information and fostering innovation in the heating and energy sector.

Company Development

The Viessmann Group, founded by Johann Viessmann in 1917, has remained family-owned for four generations.
Under Maximilian's leadership, the company celebrated its 100th anniversary in 2017 with the inauguration of a new research and development center.
The company expanded its product range over the years to include solar thermal systems, heat pumps, biomass heating, and digital services.
Major acquisitions and expansions occurred in the 1990s, including ventures into sustainable technologies like biogas and solar thermal systems.
Maximilian Viessmann led efforts to enhance energy efficiency, leading to multiple awards for sustainability and energy efficiency.

Philanthropy and Sponsorships

Viessmann is a sponsor of various winter sports, supporting athletes in biathlon, Nordic combined, and ski jumping.
They are also partners with the Panasonic Jaguar Racing Team in the FIA Formula E World Championship.
Since 2019, Viessmann has been a regional partner of FC Bayern Munich in China and Hong Kong.

Maximilian Viessmann's Wealth is Equivalent to:

5,076,982 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

1,247,871 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

67,403 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Maximilian Viessmann?

If you started with $10,000 and invested an additional $500 each month at a 43.53% CAGR, it would take you 5 years to reach Maximilian Viessmann's net worth of $6.59B.

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 63.87% compared to 28.04% for the S&P 500 benchmark.

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

Maximilian Viessmann 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 Maximilian Viessmann, Heating and Cooling Equipment 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.

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