Net Worth: $1.4 Billion
- Source of Wealth Beauty Products
- Birth Place Dornbirn, Vorarlberg, Austria
- Marital Status Married
- Full Name Reinold Geiger
- Nationality Austria
- Date of Birth July 10, 1947
- Occupation CEO of L'Occitane
- Education Swiss Federal Institute of Technology (Engineering) and INSEAD Business School (MBA)
About Reinold Geiger
Former skiing champ Reinold Geiger is the CEO of L’Occitane and he has an estimated net worth of $1.4 billion according to Forbes as of March 2014. He is working for a French company that is an international retailer of body, face, and home products which is headquartered in Manosque, France. It was founded in 1976 by Olivier Baussan and is known for its all natural creams and perfumes made in Provence. One of its shea butter products is sold somewhere in the world every ten seconds. In 2010, it became listed in the Hong Kong Stock Exchange.
With his estimated net worth of $1.7 billion, Mr. Geiger is the sixth richest person in Austria and is ranked 882nd in the list of World Billionaires. His career began in packaging before he invested and became the CEO of the French cosmetic retailer in 1994. He has also established and developed a company during that time called AMS Packaging SA. It specialized in packaging for the high end perfumes and cosmetics market.
In 1990, Reinold Geiger decided to leave his company when he started to invest in declining companies such as the case of L’Occitane. When he became the company’s CEO, he made a push for the growth of the company especially in China and Japan where its natural-Povence made creams and perfumes have become increasingly popular. In 1996, after two years in the company, he became its major shareholder. Since then, L’Occitance has turned from a three-shop company to an international beauty products empire with 1,500 outlets.
In the past year, Geiger’s fortune was up by $400 million because of the continuing demand for L’Occitane’s products. He now owns Les Couvent des Minimes spa hotel in Povence as well as a beach house on the Ile de Re in the Atlantic and a ski chalet in Meribel.