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# 838Ā Michael PieperĀ 

$4.16B

Real Time Net Worth
as of 12/11/2024
$3.5M (0.09%)

# 838Ā Michael PieperĀ 

$4.16B

Real Time Net Worth
as of 12/11/2024
$3.5M (0.09%)
OccupationCEO of Artemis Group, Artemis Real Estate Partners
Source of WealthKitchen Appliances
Age78
ResidenceLucerne, Switzerland
Marital StatusMarried
Children2
EducationMBA, St Gallen University
Age-Adjusted Net Worth$1.23B
Michael Pieper
Michael Pieper
Switzerland
Net worth: $4.16B

Self-Made ScoreĀ 

Frederique Constant Men's FC718NWM4H6 Worldtimer Automatic Watch With Blue Leather Band

Wealth History

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Biography

Overview

Michael Pieper, born in 1946, is a Swiss billionaire businessman and the owner of Franke, a kitchen appliance manufacturer, through his Artemis Group holding company.
Pieper's wealth primarily stems from his ownership of Artemis Group, which controls Franke, a company founded in 1911 and acquired by his father in 1975.
He expanded Franke's operations globally after taking over as CEO in 1989, and under his leadership, the company ventured into eastern Europe, Asia, Africa, and the Americas.
Apart from Franke, Artemis Group holds investments in various sectors including precision cutting technology, Swiss real estate, and teak plantations in Central America.
Pieper also serves on the boards of companies like Forbo and Autoneum, contributing to his diversified business portfolio and influence in the industrial sector.

Early Life and Education

Michael Pieper was born in 1946.
He studied economics at the University of St. Gallen, Switzerland.

Career

Pieper took over as CEO of Franke in 1989, expanding its global presence.
Under his leadership, Franke grew into a corporate group with operations in Europe, South America, North America, Africa, Australia, and Asia.
Apart from Franke, Pieper's Artemis Group holds investments in Swiss industrial companies and real estate.
Pieper is known for his strategic investments, including startups like Tomorrowlabs GmbH, in addition to established industrial ventures.
He joined Wingman Ventures in 2019 and invested in Tomorrowlabs GmbH in 2020, showcasing his interest in diversifying his investment portfolio.

Personal Life

Michael Pieper is married and has two children.
Both of his children, Nina and Alexander, are involved in the Franke group and sit on the board of directors of Artemis Holding.
He resides in Lucerne, Switzerland.

Franke

History
Franke was founded in Rorschach, Switzerland, in 1911 by Hermann Franke as a sheet metal business.
The company expanded into sanitary installations in the late 1920s and began producing sink units in the 1930s.
Under Walter Franke's leadership, Franke experienced rapid growth in the post-war years, expanding its product lines and international reach.
Ownership of Franke changed in 1975 when Willi Pieper acquired the company.
Michael Pieper joined Franke's Group Management in 1989, overseeing its transformation into a global corporate group.
Today, Franke operates in over 70 companies worldwide with approximately 8,500 employees.

Companies
Franke Artemis Group, headquartered in Aarburg, Switzerland, is the parent company overseeing Franke's operations globally.
The company has subsidiaries in various countries including the UK, France, and the United States.
In the UK, Franke acquired Sissons and Carron Phoenix, expanding its product offerings in stainless steel catering sinks.
Franke Coffee Systems UK sells and services bean-to-cup, pod, and traditional style coffee machines.
In the US, Franke Foodservice Systems Americas focuses on manufacturing custom stainless steel heated and refrigerated equipment for quick-service restaurant chains.
Franke's global footprint includes operations in Europe, South America, North America, Africa, Australia, and Asia.

Michael Pieper's Wealth is Equivalent to:

3,200,924 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

786,755 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

42,496 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

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

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 Michael Pieper's net worth of $4.16B.

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

Michael Pieper 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 Bullsā€™ 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 Pieper, Kitchen Appliances 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:Ā 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