Net Worth: $5 Billion
- Source of Wealth Chemicals
- Birth Place Hamburg, Germany
- Marital Status Married
- Full Name Dieter Schnabel
- Nationality German
- Date of Birth November 5th 1946
- Ethnicity German
- Occupation Chemical Empire Executive and Owner
- Children 3
About Dieter Schnabel
Dieter Schnabel is a German entrepreneur with an estimated net worth of $5 billion, as of April 2016, according to Bloomberg. He is the owner of the chemical company, Helm AG. The company’s sales grew to 20 percent with $12.7 billion profit in 2011 which played a significant role in the increase of Schnabel’s net worth.
Born in 1946 in Hamburg, his father was a German entrepreneur who took over Helm AG in 1950. In 1968, Dieter also joined the company and became an active member. Later, in 1984 he was appointed the CEO, when his father the founder and leader of Helm AG took retirement.
Dieter has been developing the company from a trading house to making it international marketing organization. The growth of the company has been immense and from 1984 to 2004, the company’s revenue touched $3.5 billion. He took over as Chairman of the Board in the year 2012.
Married to a German-Mexican lady, Dieter is blessed with three children. In the beginning of 2012 Stephen, his eldest son, also became a part of the long running family business and is working in the industrial chemical and pesticides department.
Dieter Schnabel is ranked 15th in Germany and 223rd Internationally, in the list of The World’s Billionaires of Forbes Magazine