In this success post, we are going to share the story of Dieter Schwarz. And the renowned German Entrepreneur, is the owner of the Schwarz Gruppe.
He also works as the CEO and chairman of the hypermarket chain Kaufland and the supermarket chain Lidl. Byu the time of February 2014, he is positioned as twenty third richest person in the globe. Aaccording to the Hurun Report Global Rich List. Schwarz is also considered to be the richest man in Germany.
Dieter Schwarz Early Life and Family
Dieter Schwarz was born on the 24th of September 1939, to Josef Schwarz, a businessman who founded the company; the Schwarz & Lidl discount chain. His father passed away in the year in the year 1977, leaving behind all the responsibilities of the business.
Dieter Schwarz resides in Heilbronn, with his wife named Franziska and two children. Since he is very protective of his personal life and privacy, there is not enough information or photographs of his personal life.
Dieter Schwarz Career Highlights
After the sudden death of his father, Dieter Schwarz took over the naming rights of the co-owner Ludwig Lidl, and he handled all the responsibilities of the Schwarz Group.
That time, the retail marketing sector of Germany was slowly moving forward. Schwarz, with the help of his knack of reading and learning, found out the best deals which could even fuel the growth of his company. The created the entire empire on his own by a lot of hard work and dedication. Eventually, he got the ownership of the Kaufland chain of hypermarkets.
After making it possible to run the business very successfully, also he decided to sell the shares of the Lidl to a charitable foundation. This sudden decision led him to drop out of the list of the richest men in Germany.
Moreover, he took full control over the shares of the Dieter Schwarz foundation by converting it into a charitable purpose and not a foundation. Being a very charitable and kind-hearted person. Because Dieter Schwarz has donated hundreds of millions of dollars to charity along with setting up his own graduate school for the business and law. It is estimated that this reputed entrepreneur has an estimated net worth of around $16.4 billion.
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