Hubert Bulda net worth
Hubert Bulda Net Worth: Hubert Burda is a German publisher with a net worth of $2.6 billion. Born on February 9, 1940 in Heidelberg, Germany, Hubert Burda made his fortune as CEO of Hubert Burda Media, which publishes more than 300 magazines worldwide, including Bunte and Focus in Germany. He holds a degree in Art History and Sociology from the Ludwig-Maximilians University in Munich, is Chairman of the Verband Deutscher Zeitschriftenverleger (Association of German Magazine Publishers) and is a co-founder of the European Publishers Council (EPC).
In addition, Burda is President of the Ludwig Maximilian University Council and a consular member of the World Economic Forum (WEF). In 2012, he increased his stake in the German professional social network XING AG to more than 59%. When the company’s revenue grew to more than $3.5 billion, Boda transferred 40 percent of the company’s shares to his children Elizabeth and Jacob. Furthermore, Burda’s plan is to compete with Amazon, Apple and Google, not German media groups Axel Springer AG and Gruner+Jahr. An active philanthropist, Bulda established the Felix Bulda Foundation, dedicated to the memory of her late son Felix, who died of colon cancer at the age of 33. The foundation’s goal is to reduce the number of deaths from colon cancer in Germany. In addition, he established the Burda Academy of the Third Millennium, an interdisciplinary forum for thinkers and researchers, and the Hubert Burda Innovation Exchange Center at Ben Gurion University in Israel.
