Ralph Dormermus net worth
Ralph Dormermus Net Worth: Ralph Dommermuth is a German entrepreneur with a net worth of $3.9 billion. Ralph Dommermuth made his fortune as founder and CEO of United Internet AG, one of Germany’s leading Internet access providers. In the last year alone, his net worth has grown by $1.9 billion, while shares of United Internet AG have soared 90%.
Dommermuth began his career as a computer salesman after completing his apprenticeship at Deutsche Bank in 1983. Five years later, he founded Manchester United’s predecessor company, 1&1 AG, with a desk and 500,000 Deutsche Marks in start-up capital. At first, the company provided tech-savvy marketing services to small software and telecom vendors before landing big accounts such as IBM, Compaq and Deutsche Telekom. In March 1998, Dommermuth listed the company on the then-new German stock exchange for high-tech companies, the Neuer Markt. Since then, he has owned more than 40% of the company. An avid sailor, Dommermuth and his company sponsored the German Internet United team in the 2007 Copa America.
