⬅ # 523 Alain Mérieux|# 525 Annette Lerner

# 524 Wolfgang Marguerre 

$6.19B

Real Time Net Worth
as of 5/18/2024
-$3.2M (-0.05%)

# 524 Wolfgang Marguerre 

$6.19B

Real Time Net Worth
as of 5/18/2024
-$3.2M (-0.05%)
OccupationCofounder and Chair, Octapharma
Source of WealthPharmaceuticals
Age82
ResidenceHeidelberg, Germany
Marital StatusMarried
Children3
Age-Adjusted Net Worth$1.40B
Wolfgang Marguerre
Wolfgang Marguerre
Germany
Net worth: $6.19B

Self-Made Score 

Wealth History

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Biography

Early Life and Education

Wolfgang Marguerre was born in 1941 in Germany.
He was raised and educated in Heidelberg, where he studied Political and Economic Science at Heidelberg University.
Marguerre obtained his MBA at INSEAD in 1972.

Career

Before founding Octapharma in 1983, Marguerre held various managerial positions in pharmaceutical companies, including Pharmaplast, Baxter-Travenol Europe, and Revlon Healthcare Group.
He co-founded Octapharma with Robert Taub and currently serves as the chairman and owner of the Octapharma Group.
Wolfgang Marguerre co-founded Octapharma in 1983 with Robert Taub.
Octapharma specializes in producing medicine derived from human proteins for various medical fields including haematology, immunotherapy, intensive care, and emergency medicine.
The company is owned by Marguerre and his three children, two of whom, Frederic Marguerre and Tobias Marguerre, sit on the management board.

Philanthropy

Marguerre is a sponsor of 70 children with bleeding disorders in India, Nepal, Romania, and the Philippines through Octapharma's corporate sponsorship of Save One Life.
Save One Life is an international non-profit organization dedicated to supporting children and adults with blood disorders.

Awards and Recognitions

In April 2009, Wolfgang Marguerre was awarded the Légion d’honneur, the highest decoration bestowed by France.
He was also awarded the Gold Decoration of Honour for Services to the Republic of Austria (Grosses Goldenes Ehrenzeichen) in November 2011.

Interests

Marguerre has played the violin since the age of six and is a supporter of the arts.
He contributed significantly to saving the Heidelberg Theatre from closure, and the theatre's newly built stage was named the 'Marguerre-Saal' (Marguerre Hall) in his honor upon reopening in 2012.
He has also donated a substantial sum to accept and integrate refugees in Heidelberg.
Marguerre is multilingual, speaking five languages.

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

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 Wolfgang Marguerre's net worth of $6.19B.

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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Wolfgang Marguerre 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 Marguerre, 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