Facts of Reinhold Wuerth
|Full Name||Reinhold Würth|
|Birth Name||Reinhold Würth|
|Father Name||Adolf Würth|
|Mother Name||Alma Würth|
|No Of Children||Three|
|Awards||Hall of Fame of German Industry|
|Date of Birth||April 20,1935|
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.
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.
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.