Gunter Hertz net worth
Gunther Hertz Net Worth: Gunter Herz is Gunter Herz is a German entrepreneur with a net worth of $4.3 billion. Gunter Herz, the son of coffee tycoon Max Herz, became rich along with his siblings after inheriting his father’s huge fortune. Gunter led the family’s Tchibo Holding, now known as Maxingvest AG, for 35 years before stepping down as CEO in 2002 and selling his shares.
In fact, it was the family feud that led him and his sister Daniela to sell their 40% stake in the company to their mother and three brothers in 2003 for about $5 billion. They invested the money in private equity firm Mayfair SE, which in 2011 acquired a 40 percent stake in the popular global restaurant chain Vapiano Group. Vapiano operates in more than 70 locations in Europe, the US and the Middle East. His two children, Michaela and Christian, sit on the company’s management board. In 2006, Gunter Herz went on to take over the shipping classification company Germanischer Lloyd. Six years later, it agreed to merge with Norway’s Det Norske Veritas and would be known as DNV GL Group.
