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Dieter Schwarz

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Dieter Schwarz
File:Dieter Schwarz Portrait Painting Collage By Danor Shtruzman.jpg
Born (1939-09-24) 24 September 1939 (age 85)
Heilbronn, Germany
NationalityGerman
OccupationBusinessman
TitleFormer chairman and CEO of Lidl and Kaufland
Term1977-2004
SuccessorKlaus Gehrig
Spouse
Franziska Weipert
​
(m. 1963)​
Children2 daughters

Dieter Schwarz (born 24 September 1939) is a German billionaire businessman, and owner of the Schwarz-Gruppe. He is the former chairman and CEO of the supermarket chain Lidl, and the hypermarket chain Kaufland.

Career

In 1973, Dieter Schwarz joined the "Lidl & Schwarz KG" business of his father Josef Schwarz and opened the company's first discount supermarket, inspired by the brothers Albrecht.[2] After his father died in 1977, he took control of the discount chain. He became CEO and expanded the business outside of Germany.[3] Soon afterwards, Schwarz bought the naming rights for Lidl from an unrelated person named Ludwig Lidl, a former schoolteacher, in order to side-step a legal battle with the co-owner A. Lidl.[4][failed verification]

Net worth

In 2009, he was estimated to be worth 10 billion euro.[5] As of October 2012, he was estimated to be worth 12 billion euro, an increase from 11.5 billion euro in 2011.[6] In 2013, he was estimated be worth €19.6 billion, and ranked the 24th richest person in the world.[4] As of February 2014, he was ranked as 23rd richest person in the world in the Hurun Report Global Rich List.[7]

In July 2020, Forbes listed Schwarz as the 30th richest person in the world with an estimated net worth of US$34.8 billion.[1]

Since 1999, Schwarz manages his resources through the tax-exempt Dieter Schwarz Foundation (gGmbH, limited liability company with a charitable purpose), when he transferred his shares in Lidl and Kaufland into it, deciding just how much of his profits go into the foundation.[8] The Dieter Schwarz Foundation supports education and daycare facilities for children, for example, as well as science and research projects.[1]

Personal life

In 1963, Schwarz married Franziska Weipert. They live in Heilbronn and have two daughters.[9] Schwarz is known to be very protective of his privacy.[4]

References

  1. ^ a b c "Forbes profile: Dieter Schwarz". forbes.com. Forbes. Retrieved 29 January 2021.
  2. ^ News.de-Redaktion (26 September 2018). "Lidl-Gründer Dieter Schwarz privat: SO leben der wohl reichste Deutsche und seine Familie". Retrieved 13 January 2020.
  3. ^ "These are the 50 richest people in the world right now". Business Insider. Retrieved 14 January 2019.
  4. ^ a b c Oltermann, Philip (23 June 2014). "Germany's Lidl seen overtaking big rivals Tesco, Carrefour and Aldi". The Guardian. Retrieved 23 June 2014.
  5. ^ "Aldi-Brüder sind immer noch die reichsten Deutschen" [Aldi brothers are still the richest Germans] (in German). Norddeutscher Rundfunk. 6 October 2009. Retrieved 12 September 2010.
  6. ^ "Aldi-Clan dominiert Deutschlands Milliardäre" [Aldi family dominates German billionaires] (in German). Spiegel Online. 9 October 2012. Retrieved 9 October 2012.
  7. ^ "Hurun Report Global Rich List 2014". Hurun Report. February 2014. Archived from the original on 8 August 2014. Retrieved 21 August 2014.
  8. ^ de Jong, David. "German Billionaire Schwarz Seen Having Tax-Exempt Fortune". Bloomberg. Retrieved 23 June 2014.
  9. ^ "Bloomberg Billionaires Index: Dieter Schwarz". Bloomberg LP. Retrieved 18 January 2019.{{cite web}}: CS1 maint: url-status (link)
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