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Grizzly Bulls’ Billionaires Index

⬅ # 315 Michael Herz|# 317 Jimmy Haslam ➡

# 316 Wolfgang Herz 

$8.20B

Real Time Net Worth
as of 7/2/2024
$2.8M (0.03%)

# 316 Wolfgang Herz 

$8.20B

Real Time Net Worth
as of 7/2/2024
$2.8M (0.03%)
OccupationCo-owner, Tchibo
Source of WealthCoffee
Age73
ResidenceHamburg, Germany
Age-Adjusted Net Worth$3.40B
Wolfgang Herz
Wolfgang Herz
Germany
Net worth: $8.20B

Self-Made Score 

Wealth History

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Biography

Overview

Wolfgang Herz, along with his brother Michael, is a billionaire deriving his fortune from Tchibo and Beiersdorf, two prominent German companies.
Their father, Max Herz, co-founded Tchibo in 1949 with Carl Tchiling-Hiryan, specializing in coffee imports and sales; Max passed away in 1965.
Tchibo, originally a coffee retailer, diversified into retailing various consumer goods and services including clothing, electronics, and insurance.
The family's holding company, maxingvest AG, controls 100% of Tchibo and approximately 47% of the voting shares of Beiersdorf, known for brands like Nivea.
In 2003, Wolfgang and Michael Herz bought out their older brother Guenter and sister Daniela Herz-Schnoeckel.

Tchibo's Expansion and Ventures

Tchibo, founded in 1949, started with a focus on mail-order service for freshly roasted coffee beans.
The company expanded its product range to include clothing, furniture, household items, electronics, and services like travel and insurance.
With over 1,000 shops, Tchibo is among Germany's largest retail chains, headquartered in Hamburg.
Tchibo's products are sold in various countries including the United States, Canada, and many European and Middle Eastern nations.
Tchibo ventured into markets like video game consoles with limited success and acquired rival companies like Eduscho to strengthen its market position.
Despite initial plans, Tchibo exited the UK market in 2009 due to challenging economic conditions.

Corporate Structure and Ownership

Maxingvest AG, formerly Tchibo Holding AG, owns Tchibo outright and is controlled by members of the Herz family.
Ingeburg Herz, Max's widow, and her sons Michael and Wolfgang Herz hold 100% ownership of maxingvest AG.
The Herz family underwent a buyout process in 2003, acquiring full control of the family businesses.
Maxingvest AG is a major shareholder in Beiersdorf, a publicly listed company.

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

If you started with $10,000 and invested an additional $500 each month at a 44.06% CAGR, it would take you 5 years to reach Wolfgang Herz's net worth of $8.20B.

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 48.24% compared to 16.19% for the S&P 500 benchmark.

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Wolfgang 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 Wolfgang 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