⬅ # 185 Lui Che Woo|# 187 Andreas Struengmann ➡

# 186 Thomas Struengmann 


Real Time Net Worth
as of 5/18/2024
-$122.4M (-1.07%)

# 186 Thomas Struengmann 


Real Time Net Worth
as of 5/18/2024
-$122.4M (-1.07%)
OccupationCofounder, Hexal
Source of WealthPharmaceuticals
ResidenceTegernsee, Germany
Marital StatusMarried
EducationMBA, University of Augsburg; MBA, University of Augsburg
Age-Adjusted Net Worth$4.44B
Thomas Struengmann
Thomas Struengmann
Net worth: $11.4B

Self-Made Score 

Wealth History

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Early Life and Hexal Foundation

Thomas Strüngmann was born in 1950.
In 1986, he and his twin brother Andreas co-founded the generic drugmaker Hexal AG.
Hexal achieved $1.6 billion in sales during 2004.
In 2005, they successfully sold Hexal to Novartis for $6.7 billion.

BioNTech and COVID-19 Vaccine

Thomas and Andreas Strüngmann were early backers of the German firm BioNTech.
They played a pivotal role in BioNTech's partnership with Pfizer to develop a COVID-19 vaccine.
The Strüngmann brothers earned $8 billion on their stake in BioNTech SE.

Investment Activities

Through their Zug, Switzerland-based investment firm, Santo Holding, the brothers invest in various sectors, including biotech, pharma, life sciences, and healthcare companies.

Neuroscience Research Center

In 2008, Thomas and Andreas Strüngmann established a neuroscience research center in Frankfurt.
The research center was named after their father, Ernst Strüngmann.

Current Ventures and Holdings

The Strüngmann brothers own approximately 50% of BioNTech SE.
They also hold significant ownership in companies like 4SC and Immatics.

Family Office

The brothers operate out of a family office called Athos Service.

How long would it take you to become as rich as Thomas Struengmann?

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 Thomas Struengmann's net worth of $11.4B.

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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Thomas Struengmann 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 Thomas Struengmann, Pharmaceuticals 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