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Grizzly Bulls’ Billionaires Index

⬅ # 553 Rajan Raheja|# 555 Renate Reimann-Haas ➡

# 554 Wolfgang Reimann 

$5.45B

Real Time Net Worth
as of 7/25/2024

# 554 Wolfgang Reimann 

$5.45B

Real Time Net Worth
as of 7/25/2024
OccupationCo-owner, JAB Holding Company
Source of WealthConsumer Goods
Age71
ResidencePassau, Germany
Age-Adjusted Net Worth$2.59B
Wolfgang Reimann
Wolfgang Reimann
Germany
Net worth: $5.45B

Self-Made Score 

Wealth History

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Biography

Overview

Wolfgang Reimann, along with three of his siblings, holds a 95% ownership stake in JAB Holding Company s.? r.l (JAB), a Luxembourg-based investment firm.
Inherited 11.1% of JAB along with eight other heirs after the death of their father in 1984, with five heirs subsequently selling their stakes.
Descendant of chemist Ludwig Reimann, who, in 1828, partnered with Johann Adam Benckiser to establish a chemical company.
JAB made its debut in the pet care sector in 2019 with the acquisition of Compassion-First Pet Hospitals.
The brands linked to the Reimann family fortune include Pret A Manger, Krispy Kreme, Peet's Coffee, and Panera Bread.

Business Ventures

JAB's portfolio encompasses a diverse range of investments spanning consumer goods, coffee, luxury fashion, animal health, and fast food.
Notable acquisitions include Keurig Green Mountain in 2016 for $13.9 billion, Krispy Kreme for $1.35 billion in 2016, and Panera Bread for $7.5 billion in 2017.
In 2019, JAB expanded its reach into the pet care industry with the purchase of Compassion-First Pet Hospitals and later National Veterinary Associates.
Under the Peet's Coffee & Tea brand, JAB acquired specialty tea retailer Mighty Leaf Tea in 2014 and Stumptown Coffee and Intelligentsia Coffee & Tea in 2015.
JAB also holds a significant stake in Keurig Dr Pepper, owning 87% of the combined companies.

Ownership Structure

Initially, each of the nine children of Albert Reimann Jr. inherited 11.1% ownership in JAB upon his death in 1984.
Over time, five heirs divested their stakes, leaving four primary shareholders: Matthias Reimann-Andersen, Renate Reimann-Haas, Stefan Reimann-Andersen, and Wolfgang Reimann.
As of January 2015, each of the four primary shareholders owns approximately $3.8 billion in JAB shares.
The primary shareholder of JAB is Agnaten SE, an Austrian-domiciled company listed as a subsidiary of Joh. A. Benckiser GmbH, the investment vehicle of the Reimann family.

Founder's Controversy

Albert Reimann Sr. and Albert Reimann Jr., founders of JAB Holding Company, were revealed to be supporters of Adolf Hitler and the Nazi party before their rise to power.
The Reimann family profited from forced labor in their industrial chemicals company during the Nazi regime.
Emilie Landecker, Albert Jr.'s mistress and mother of some of the Reimann heirs, was discovered to be the daughter of a Jewish man deported during the Holocaust.
In response to these revelations, the Reimanns renamed their family foundation after Emilie Landecker's father and doubled its budget to €25 million to fund projects honoring Holocaust victims.
The ethical implications of consumer support for companies with ties to historical forced labor have been raised in light of these revelations.

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

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 Wolfgang Reimann's net worth of $5.45B.

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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Wolfgang Reimann 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 Reimann, Consumer Goods 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