Michael Herz: German Businessman Worth $4.2 Billion

Michael Herz is a German businessman and one of the owners of Tchibo Holding, one of the largest retail groups and producers of Tchibo products in Germany. Along with his mother Ingeburg and his brother Wolfgang, Michael owns the Tchibo Holding, which is currently known as Maxingvest GmbH. The company also holds a majority stake in the personal care company Beiersdorf AG and coffee maker Tchibo GmbH.

Michael and Wolfgang earned their great riches from their father’s inheritance, and they mercilessly dedicated themselves to kicking out their other siblings Daniela and Gunter from the company in 2003. The battle for family fortune was marked by their brother Joachim’s death in 2008, with most of his fortune reportedly donated to charities.

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