⬅ # 372 Wolfgang Herz|# 374 Vinod Khosla

# 373 Michael Herz 

$7.36B

Real Time Net Worth
as of 4/12/2024
$18.1M (0.25%)

# 373 Michael Herz 

$7.36B

Real Time Net Worth
as of 4/12/2024
$18.1M (0.25%)
OccupationCo-owner, Tchibo
Source of WealthCoffee
Age80
ResidenceHamburg, Germany
Marital StatusMarried
Age-Adjusted Net Worth$1.90B
Michael Herz
Michael Herz
Germany
Net worth: $7.36B

Self-Made Score 

Wealth History

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Biography

Overview

Michael Herz was born on September 28, 1943, in Germany.
He is a German businessman known for his co-ownership of Tchibo.
Following his father's death in 1965, Michael joined Tchibo as head of sales.
In 2003, Michael, along with his mother and brother Wolfgang, acquired full ownership of Tchibo within the family.

Family Business

Tchibo, a renowned coffee importer and retailer, was co-founded by Max Herz and Carl Tchiling-Hiryan in 1949.
Michael Herz assumed leadership within Tchibo after his father's passing.
The family retained complete ownership of Tchibo, with Michael and his brother Wolfgang acquiring their siblings' shares in 2003.
In 2007, the Tchibo holding company changed its name to Maxingvest AG.

Investment Ventures

Michael Herz bought and reorganized the book wholesaler Libri and the florist Blume 2000.
He engaged in an unsuccessful investment in Escada, which ended in bankruptcy.

Personal Life

Michael Herz is married and resides in Hamburg.
He faced tragedy in 2008 when his brother Joachim died in a motorboat accident.

How long would it take you to become as rich as Michael Herz?

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 Michael Herz's net worth of $7.36B.

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.

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Michael Herz 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 Michael Herz, Coffee 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