Thomas Schmidheiny

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Thomas Schmidheiny
Born1945 (age 72–73)
ResidenceKlosters, Switzerland[1]
NationalitySwiss
Alma materTufts University
Zurich Polytechnic
OccupationMajor shareholder of LafargeHolcim
Net worthUS$4.5 billion (January 2017)[2]
Spouse(s)married
Children4
Parent(s)Max Schmidheiny
RelativesStephan Schmidheiny (brother)

Thomas Schmidheiny (born 1945)[3] is a Swiss entrepreneur, former chairman of Holcim, the cement manufacturer. He is listed by Forbes magazine as the 527th richest person in the world as of 2016, when his net worth was estimated at US$4.1 billion.[2]

Early life[edit]

Thomas Schmidheiny is the son of Max Schmidheiny (1908-1991). The family's construction materials empire (bricks, cement, etc) was divided in 1984, with Thomas inheriting Holcim, the concrete and cement company, and his brother Stephan, also a billionaire, was given the construction company Eternit.[2]

Career[edit]

Until 2003, Schmidheiny was the chairman of Holcim, one of the world's leading cement manufacturers, founded by his grand-uncle in 1912.[4] Schmidheiny resigned his chairmanship as part of a deal to settle an investigation of insider trading in Spain.[5] He has remained on the Board since that time.[6] Since the merger between Holcim and Lafarge Thomas Schmidheiny detains 11.4% of the company Lafarge-Holcim and is the biggest shareholder of the firm.

Education[edit]

Schmidheiny holds a doctorate from Tufts University and a bachelor's degree from Zurich Polytechnic.[2]

Honors[edit]

The Indian School of Business has a Thomas Schmidheiny chair of family business. As of 2012, the post was held by Kavil Ramachandran.[7]

Personal life[edit]

Schmidheiny is married with four children; he owns vineyards and wineries in Argentina, Switzerland and the US, including his residence in Klosters.[2][1]

References[edit]

  1. ^ a b "Luxury and discretion on the fringes of the WEF". Ft.com. Retrieved 2017-01-26.
  2. ^ a b c d e "The World's Billionaires: Thomas Schmidheiny". Forbes. Retrieved 26 January 2017.
  3. ^ "Thomas Schmidheiny". LafargeHolcim. Retrieved 26 January 2017.
  4. ^ "Dr. Thomas Schmidheiny: From Family Business to Family Wealth Management". The Fletcher School. 17 February 2011. Retrieved 2 January 2013.
  5. ^ "World Business Briefing | Europe: Switzerland: Insider Trading". The New York Times. 8 February 2003. Retrieved 2 January 2013.
  6. ^ Meier, Simone (2 October 2011). "Schmidheiny Plans to Boost Holcim Stake, SonntagsZeitung Reports". Bloomberg Businessweek. Retrieved 2 January 2013.
  7. ^ Nanda, Prashant K. (14 December 2012). "Economy highly dependent on family-run businesses' destiny: Ramachandran". Live Mint. Retrieved 2 January 2013.