⬅ # 58 Shiv Nadar|# 60 Jack Ma

# 59 Reinhold Wuerth 

$29.2B

Real Time Net Worth
as of 5/18/2024
$15.3M (0.05%)

# 59 Reinhold Wuerth 

$29.2B

Real Time Net Worth
as of 5/18/2024
$15.3M (0.05%)
Source of WealthFasteners
Age89
ResidenceKuenzelsau, Germany
Marital StatusMarried
Children3
Age-Adjusted Net Worth$4.11B
Reinhold Wuerth
Reinhold Wuerth
Germany
Net worth: $29.2B

Self-Made Score 

Wealth History

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Biography

Early Life and Entry Into Business

Reinhold Wuerth joined his father's wholesale screw business in 1949 at the age of 14, becoming the company's second employee and first apprentice.
At the age of 15, he embarked on sales trips, securing new customers for the company, even driving to Düsseldorf independently for the first time.
In 1954, at the age of 19, Reinhold took over the management of the family business after his father's sudden passing.

Business Expansion and Leadership

Under Reinhold's leadership, the Wuerth Group grew with a far-sighted strategy, establishing the first national company, Würth Netherlands, in 1962, and expanding globally, including ventures into North America and South Africa.
The company's success was built on direct selling, with more than 43,000 employees worldwide focusing on customer needs and developing innovative products.
Reinhold Wuerth created a corporate culture based on optimism, dynamism, and appreciation of employees, emphasizing a customer-centric approach.

Philanthropy and Social Commitment

In 1987, Reinhold and his wife, Carmen Wuerth, established the Wuerth Foundation, actively supporting projects in art, culture, research, science, education, and training.
Reinhold Wuerth held the Chair for Entrepreneurship at the University of Karlsruhe (TH) from 1999 to 2003, sharing insights on establishing and managing a company.
He received numerous awards for social and cultural commitment, including the German Founder’s Prize (2004) and the French Légion d’Honneur (2013).

Passion for Art and Culture

Reinhold Wuerth is a passionate art collector, with the Wuerth Collection containing about 20,000 works of art spanning over 500 years.
In 2017, he initiated the formation of Würth Philharmoniker, a new philharmonic orchestra, and in 2020, Museum Würth 2 was opened as an extension of Carmen Würth Forum.

Current Role

Reinhold Wuerth retired in 1994 but continues to serve as the chairman of the supervisory board of the Wuerth Group's family trusts.
His daughter, Bettina Wuerth, is the chairwoman of the advisory board of Wuerth Group.

How long would it take you to become as rich as Reinhold Wuerth?

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 Reinhold Wuerth's net worth of $29.2B.

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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Reinhold Wuerth 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 Reinhold Wuerth, Fasteners 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