Reinhold Würth is a German self-made billionaire that owns screw and toolmaker Würth. Würth’s net worth is estimated at $14.8BN, making him one of the wealthiest Germans. His family office would be a top German family office.
No dedicated Wuerth family office, but own private bank
The main source of wealth of Reinhold Würth is the privately-held company with the same name. In 1956, Würth joined the company and developed it since then to a market leader that is active in more than 400 countries and realizes yearly revenues over €14BN.
To the extent of the knowledge of our research team, there is no dedicated Würth family office. However, Würth owns over 94% of the private bank „Internationales Bankhaus Bodensee“ (IBB). The bank has its own private banking department and is a leader in credit financing for German football clubs. Würth bought the shares in IBB from LBBW in 2005 and 2006.
Furthermore, Würth is a keen patron of art, culture and science. His art collection “Sammlung Würth”, has more than 18.00 artworks, including pieces from Emil Nolde, Rene Magritte and Max Ernst. Würth also has its own Würth Foundation.
Picture source: Ben Lodge
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.