Dieter Schwarz Net Worth

Net Worth:$27 Billion
Date of Birth: September 24, 1939 (84 years old)

What is Dieter Schwarz net worth

Dieter Schwarz is a German businessman who has a net worth of $27 billion.

Germany’s Heilbronn is the birthplace of Dieter Schwarz, who in the late 1970s succeeded his father Josef Schwarz as the owner of the Lidl grocery company.

The Schwarz Gruppe-affiliated Lidl is the company where he currently owned and serves as chairman and CEO.

Nearly 10,000 Lidl stores can currently be found throughout Europe. Dieter Schwarz not only owns Lidl, but he also has authority over a chain of retail outlets called Handelshof and a hypermarket called Kaufland. Throughout most of the 1990s, he was listed among the Forbes Billionaires, but in 1999, he was removed for a year. Later on, he joined the list once more.

The Schwarz Foundation, which provides funding to numerous schools and childcare facilities, is also managed by Schwarz Gruppe. Dieter Schwarz is well known for being extremely secretive and for attempting to minimize publicity.

With his wife, two kids, and current residence in Germany.

Net Worth

The grocery industry and Dieter Schwarz’s ownership of the Schwarz Group, which owns brands like Kaufland and Lidl, are how he made his riches. A corporation with more than 10,000 stores in 2016 reported $95.1 billion in revenue.

Dieter Schwarz Stiftung, a tax-exempt organization under German law, is in charge of managing its assets, and he alone determines how much of his assets go there.

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