Michael Herz (businessman)

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Michael Herz
Born 1943
Residence Hamburg, Germany
Nationality German
Occupation member of Maxingvest's Management Board
Known for Co-owner, Tchibo
Net worth $4.0 billion (January 2015)[1]
Parent(s) Max Herz and Ingeburg Herz
Relatives Wolfgang Herz (brother)
Günter Herz (brother)
Daniela Herz-Schnoekel (sister)
Joachim Herz (brother, deceased)

Michael Herz (born 1943)[1] is a German businessman, co-owner of the German coffee shop and retail chain Tchibo.

Early life[edit]

Michael Herz is the son of Max Herz and Ingeburg Herz.[1] Max Herz co-founded Tchibo in 1949 with Carl Tchilinghiryan.

Career[edit]

In 2007, the Tchibo holding company, changed its name from Tchibo Holding AG to Maxingvest AG.[2] It is 100% owned by three members of the Herz family, Ingeburg Herz (Max Herz's widow), and two of her sons, Michael and Wolfgang Herz. In 2003, they bought out their brother, Günter Herz, and sister, Daniela Herz-Schnoekel. In 2008, their brother Joachim died in a motorboat accident.[1]

According to Forbes, Herz has a net worth of $4.0 billion, as of January 2015.[1]

Personal life[edit]

Herz is married and lives in Hamburg.[1]

References[edit]

  1. ^ a b c d e f "Michael Herz". Forbes. Retrieved 19 January 2015. 
  2. ^ Sarah Arnott (2008-07-11). "Tchibo coffee family 'to back' GfK's counterbid for TNS". The Independent on Sunday (London). Retrieved 2009-08-30.