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Facts of Reinhold Wuerth

Full NameReinhold Würth
First NameReinhold
Last NameWürth
Birth NameReinhold Würth
EthnicityWhite Caucasian
Birth CityWürttemberg
Birth CountryGermany
Father NameAdolf Würth
Father ProfessionBusinessman
Mother NameAlma Würth
Gender IdentityMale
Sexual OrientationStraight
Marital StatusMarried
SpouseCarmen Würth
No Of ChildrenThree
AwardsHall of Fame of German Industry
Date of BirthApril 20,1935
Age85 years
Amount$12.8 billion

Reinhold Wurth is a German businessman and art collector who got a tag of billionaire through his venture as an erstwhile Chairman of Adolf Wurth Group

At the age of 19, Wurth took over his father's tiny wholesale screw business and later built as one of the enormously profitable companies today also known as a worldwide wholesaler of fasteners.

How Much Net Worth Reinhold Has?

Wurth has an estimated net worth of $12.8 billion, as of 8th December 2019

Retired In 1993:Still a Chairman Of Supervisory Board of The Wuerth Group´s Family Trusts

Reinhold Wurth entered his father's wholesale screw business as the company's second employee and first apprentice, at the age of 14, in 1949. The Wurth Group was established by his doting father Adolf Wurth, in 1945, in Kunzelsau, Germany and Reinhold took the reins in 1954. 

German businessman Reinhold Wurth

Image Source: Slaylebrity

Headquartered in Wuppertal, the company peaked a new height after Wurth's innovative marketing strategies honed an advantage by delivering goods directly to customers on construction sites as well as in mechanical shops, in such a competitive market.

The company has been operating throughout the world and has more than 77,000 employees. Besides, it also diversifies in a solar energy firm and bank, which plays a vital role in the company's rapid growth. 

In 1993, Reinhold took his retirement, but he still serves as chairman of the Wuerth Groups. As of now, his daughter Bettina Wurth is leading a company. 

The Wurth Group's Revenue 

In 2018, The Wurth Group amassed a tremendous revenue of € 13.6 billion ($15,04 million). The same year, it increased an operating income from € 860 million ($951,05 million) to € 880 million ($973.17 Million).

In 2013, the company posted $13 million in sales.

Awards & Achievements 

Reinhold Wurth also has won a number of prestigious accolades for his decade long contribution for the society and for and for the development of the social market economy. He was inducted into Hall of Fame of German Industry. Furthermore, he won the Ludwig Erhard medal for his exemplary work for the public good and for economic development. 

An Avid Art Collector And Author

Furthermore, Reinhold also has turned his interest in art maintaining a huge collection of smashing art pieces that include the innovative works of Pablo Picasso, Alfred Hrdlicka, and Emil Nolde

Wurth came with his first book Thoughts on Company Management, in 1985. The two other books  Entrepreneurship in Germany: Ways Toward Responsibility and The Entrepreneurship - Innovation - Marketing Interface: 3rd Symposium, Cottbus published in 2001 and 2010 respectively. 

Proud Owner of $100 Million Megayacht

In 2009, Reinhold Wuerth attracted wide media attention after he ordered a new $100 million megayacht. The yacht's interior part is designed by the well-known firm Nuvolari-Lenard. It has a crew of 26 and has a cruising speed of 17 knots.

Reinhold Wuerth's $100 Million Worth Megayacht

Image Source: North Coast Review

As per some sources, the estimated value of the yacht is $150 million. Besides, the businessman also has many private jets and even has his own airport too. 

Where Does The Billionaire Businessman Live?

Having such hefty net worth, Reinhold Wurth owns many multi-millionaire villas all over the world. He has a house in Salzburg, Austria. 

Furthermore, he is a long-time resident of Florida.

Short-Bio And Personal Life

Reinhold Wurth was born on April 20, 1935, in Öhringen, Württemberg, Germany. He is the son of Adolf Wurth (father) and Alma Wurth (mother).  

Wurth has been sharing a blissful married life with his wife Carmen Würth. The couple also has three children; two daughters Bettina Wurth, Marion Wurth, as well as a son Markus Wurth.

He currently resides in Künzelsau, Germany with his spouse and kids. 

Updated On Sun Dec 08 2019 Published On Sun Dec 08 2019 By Simond