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€999,99 including VAT
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€599,99 including VAT
This article directly stems from the research process for our European single family office database. Our list of European single family offices includes the most important family investment vehicles that invest in various areas, such as financial markets, real estate, venture capital, private equity and renewables.
Reinhold Würth is a self-made German billionaire who owns the screw and tool manufacturer Würth. Würth’s net worth is estimated at $33.6 billion, making him one of the richest Germans. If there is a Reinhold Würth family office it would be a top German family office.
Where does Würth`s wealth come from?
The main source of Reinhold Würth’s wealth is the private company of the same name. He joined the company in 1956 and has since built it into a market leader with operations in more than 80 countries. Reinhold Würth stepped down as CEO in 1994, but since then has acted as Chairman of the Supervisory Board of the Würth Group’s family trusts. In 2023 the company generated revnues of more than €20 billion. Furthermore the Group currently employs more than 87,000 people worldwide in over 400 companies with more than 2,700 branches.
No dedicated Wuerth family office, but own private bank
As far as our research team is aware, there is no dedicated Würth Family Office. However, Würth owns more than 94% of the private bank “Internationales Bankhaus Bodensee” (IBB). The bank has its own private banking division and is a leader in loan financing for German football clubs. Würth bought the shares in IBB from LBBW in 2005 and 2006.
Würth is also an enthusiastic patron of art, culture and science. His art collection, the “Würth Collection”, comprises more than 18,000 works of art, including works by Emil Nolde, Rene Magritte and Max Ernst. Würth also has his own Würth Foundation.
Picture source: Ben Lodge
Last Updated on October 11, 2024
