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Michael Herz
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'''Michael Herz''' (
1946-) is the owner of the family-owned
Tchibo Holding, one of Germany's largest retail groups, and makers of
Tchibo products. Last August he and two brothers bought out Günter and sister, Daniela, for an estimated US$5 billion. With the dispute resolved, the remaining family members faced no resistance bidding for a larger stake in
Beiersdorf, maker of
NIVEA products.
Tchibo now owns nearly half, assuring that the company, also courted by
L'Oréal and
Procter & Gamble, remains in German hands. Word is Michael and brother Wolfgang, who each own 34% of Tchibo, have emerged as the key players in the business. Brother Joachim with his 15% share apparently plays a lesser role.
See also
*
List of billionaires
External links
-
Forbes.com: Forbes World's Richest People
----
'''Michael Herz''' is also a film director, producer and co-founder of
Troma Entertainment. Little is known about him: his longtime business and creative partner
Lloyd Kaufman has said that Herz loathes publicity and is happy to allow Kaufman to be the public face of Troma.
Category:German businesspeople Herz Michael
Category:Forbes World's Richest People Herz
Category:1946 births Herz Michael
Category:Living people Herz Michael
