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Grizzly Bulls’ Billionaires Index

⬅ # 903 Xia Zuoquan|# 905 Travis Kalanick ➡

# 904 Walter P.J. Droege 

$3.62B

Real Time Net Worth
as of 7/25/2024
-$11.9M (-0.33%)

# 904 Walter P.J. Droege 

$3.62B

Real Time Net Worth
as of 7/25/2024
-$11.9M (-0.33%)
OccupationFounder, Droege International Group
Source of WealthInvesting
Age71
ResidenceDusseldorf, Germany
Marital StatusMarried
Age-Adjusted Net Worth$1.72B
Walter P.J. Droege
Walter P.J. Droege
Germany
Net worth: $3.62B

Self-Made Score 

Wealth History

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Biography

Overview

Walter P.J. Droege is a German billionaire businessman, renowned as the founder and board member of Droege International Group.
Droege gained immense wealth through his founding of Droege International Group AG in 1988, focusing on restructuring and turnaround advisory services, headquartered in Düsseldorf, Germany.

Early Life and Career Beginnings

Born in 1952/1953 in Germany, Walter P.J. Droege embarked on his entrepreneurial journey by establishing Droege International Group AG in 1988.
His early career was marked by his commitment to providing restructuring and turnaround advisory services, laying the groundwork for his future success.

Founding of Droege International Group AG

In 1988, Walter P.J. Droege founded Droege International Group AG in Düsseldorf, Germany, specializing in restructuring and turnaround advisory services.
He served as CEO of the company from its inception until 2018, establishing a strong foundation for the company's growth and success.

Family and Succession

Walter P.J. Droege, along with his wife Hedda im Brahm-Droege, founded Droege Group in 1988, showcasing their joint entrepreneurial spirit.
Their son, Ernest-W. Droege, joined the management board in 2018 and succeeded his father as CEO, ensuring continuity and family involvement in the company's leadership.
The Droege family's commitment to the company's success is evident in their active involvement in its operations and strategic direction.

Business Model and Global Reach

Droege Group operates with a hybrid business model, offering advisory services to clients while also engaging in 'buy-and-build' investments, a strategy that has become its primary focus.
By employing an 'Entrepreneurship-as-a-Service' principle, the company provides capital, management resources, and expertise to drive value creation for its clients.
With operations spanning 30 countries, Droege Group boasts a significant global presence, generating approximately $12 billion in annual revenue.

Personal Life

Walter P.J. Droege is married and resides in Düsseldorf, Germany, with at least one son, demonstrating a balanced focus on both his professional endeavors and personal life.

How long would it take you to become as rich as Walter P.J. Droege?

If you started with $10,000 and invested an additional $500 each month at a 44.11% CAGR, it would take you 5 years to reach Walter P.J. Droege's net worth of $3.62B.

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 52.22% compared to 16.62% for the S&P 500 benchmark.

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Walter P.J. Droege 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 Walter P.J. Droege, Investing 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