Reinhold Wuerth Net Worth

Net Worth: $11.4 Billion
Statistics
  • Source of Wealth:

    Business
  • Age:

    84
  • Birth Place:

    Öhringen, Württemberg, Germany
  • Marital Status:

    Married (Carmen Wüerth)
  • Nationality:

    German
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About

Reinhold Wuerth is a German businessman and art collector who has a net worth of $11.4 billion as of April 2019. In 1949, when he was 14, he entered his father's wholesale screw business as the company's second employee and first apprentice. At the age of 19, he took over the business and honed a competitive advantage by delivering goods directly to customers on construction sites and in mechanical shops. It was his way of developing it into Adolf Wuerth Group, a company that specializes on the manufacturing of fasteners but it also has interests in a solar energy firm and bank. Today, Wuerth Group has sales of over $14 billion as it supplies assembly and fastening materials for the automotive, construction and engineering trades.

Later on, Wuerth was inducted into the Hall of Fame of German Industry and he is a recipient of the Ludwig Erhard Medalfor his exemplary works in promoting the welfare of the public and significant contributions to the development of the social market economy.

After his retirement 1993, his daughter Bettina Wuerth serves as chairwoman of the advisory board of Wuerth Group. Reinhold Wuerth still serves as chairman of the supervisory board of the Wuerth Group´s family trusts. He  is now maintaining a huge collection of impressive art pieces which include the works of Pablo Picasso, Emil Nolde and Alfred Hrdilicka. Last year, he was reported to acquire the Schutzmantelmadonna, one of the famous paintings of Hans Holbein the Younger which is considered as the most expensive work of arts in Germany.

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Earnings 2011

Asset 2011
Value of his megayacht, a 256-ft. Oceaco dubbed Vibrant Curiosity
$100,000,000