Wolfgang Leitner net worth
Wolfgang Leitner Net Worth: Wolfgang Leitner is an Austrian manager and entrepreneur with a net worth of $1.9 billion. Wolfgang Leitner made his fortune overnight thanks to his stellar performance at Andritz, a manufacturer of processing machinery primarily for the pulp and paper market. To be precise, he is the company’s president and chief executive officer, and at the same time he is the company’s largest single shareholder, through the Custos Private Foundation.
Born in Graz, Austria, he earned a degree in chemistry at Karl Franzen University in Graz, before starting his career as a research chemist at the pharmaceutical company Vianova. Later, he even founded his own pharmaceutical company. In 1983, he joined ANDRITZ as a management consultant. By 1987, he was named chief financial officer of the company, which had sales of about 1.94 euros ($265 million) and profits of just under 1 euro ($1.37 million). Since then, the company’s net income has grown despite the challenging economic environment in Europe. In 1994, he was named President and CEO of ANDRITZ, a position he still holds today.
