Michael Stoschek and family net worth:
Michael Stoschek and family net worth: Michael Stoschek is a German entrepreneur with a family net worth of $3.8 billion. The third generation of the Stoschek family, he has displayed impressive management skills and entrepreneurial vision as the leader of Brose GmbH & Co. KG.
The grandson of the eponymous German auto parts supplier founder Max Brose, he took over at the age of 23. Since then, he has transformed the company from a domestic manufacturer to an international leader, enabling and supplying mechatronic components and systems for doors, seats and bodies in 23 countries. The company has approximately 22,000 employees working in 58 locations around the world. According to the 2013 fiscal year report, the Brose Group generated revenues of 4.7 billion euros ($6.25 billion). At the end of 2005, Mr. Stoček resigned from the management position and became chairman of the Brose Group. As the company’s majority shareholder, most of his net worth still comes from the performance of Brose GmbH & Co. KG. To date, Michael Stoschek has received several honors such as the Industrial Research Foundation Initiative Award; the Merit Cross, First Class, Federal Republic of Germany; and the Home Entrepreneur of the Year Award, among others. In addition to his entrepreneurial spirit, he has established himself as a winner in competitive sports. He won the Bavarian obstacle course twice in a row in 1992 and 1996. His daughter is an art collector who runs the Julia Stoschek Collection in Düsseldorf.
