Source of Wealth:Business and Company
Full Name:Axel Oberwelland
Occupation:CEO or Storck GmbH
About Axel Oberwelland
Axel Oberwelland is a businessman based in Germany who has an estimated net worth of $3.4 billion as of May 2015 according to Forbes. He was ranked 376th in the list of the World Billionaires. He earned his net worth after he inherited Storck GmbH, the German candy company, when his father died in 2005. The company is the maker of Werther’s Original, Riesen and Toffiffee brands.
Oberwelland is considered the fourth generation of the family to run the candy business. He is currently the CEO of the company and also manufactures house-brand chocolate for the German retailer Aldi. Aldi Sud is owned by billionaire Karl Albrecht. The firm does not disclose its revenues. However, in 2011, the industry watchers had estimated that it earned $2.1 billion or 1.6 billion Euros which is almost the same as the previous year. Half of the earnings were made outside the country. His net worth has increased by $1.1 billion since last year because of the overall rise in the market value of the candy industry.
Storck GmbH has also established a non-profit Storck Foundation which is dedicated to protecting the endangered stork population in Germany.
Leave A Comment
Looking for an AD FREE EXPERIENCE on TheRichest?Get Your Free Access Now!