Dieter Schnabel net worth Wiki, Height, Biography, Wife, Children And Early Life
Dieter Schnabel net worth
Dieter Schnabel Net Worth: Dieter Schnabel is a German entrepreneur with a net worth of $4.6 billion. Dieter Schnabel was born in Hamburg, Germany in 1946 and is the sole owner of Helm AG, a large chemical conglomerate headquartered in his hometown of Hamburg. The company, the main source of Schnabel’s wealth, was founded in 1900 by a businessman named Karl Otto Helm.
It was Schnabel’s father, Herman Schnabel, who took over at the helm of the company in 1950 and then brought Dieter on board in 1968. Over the years, Dieter has been climbing the corporate ladder, stepping into his father’s shoes as CEO in 1984. In this role, he transformed the company from a trading company to a global marketing organization. Helm AG’s growth has been enormous, especially from 1984 to 2004, when the company’s revenue reached $3.5 billion. Schnabel also served as Chairman of the Executive Board from 1984 until early 2012, when he resigned as Chairman of the Supervisory Board. Dieter is married to a German-Mexican woman and has three children. The eldest son joined the family business in 2012 and started working in the chemical and pesticide sector.