Wolfgang Ryman net worth
Wolfgang Ryman Net Worth: Wolfgang Reimann is a German entrepreneur with a net worth of $3.5 billion. Wolfgang Reimann belongs to one of Germany’s wealthiest families, and his fortune is tied to brands such as Calvin Klein perfume, Durex condoms, Jimmy Choo shoes and Peet’s coffee.
In fact, he got rich in a very interesting way. A descendant of the chemist Ludwig Reimann, who joined Johann Adam Benckiser in the chemical business in 1928, Wolfgang Reimann strengthened his ties with Benckiser by becoming his son-in-law. He entered the business and eventually owned it shortly after marrying one of his daughters. Originally, after Benckiser’s death in 1952, Albert Reimann Jr. assumed power. But after Albert’s death in 1984, Wolfgang and eight other heirs each inherited an 11.1% stake in Investmentholding Joh. A. Benckiser s.à.rl (JAB), headquartered in Ludwigshafen, Germany. Wolfgang and his three siblings now share 95 percent of the company as five heirs divested their shares. Since then, JAB has continued to invest in luxury goods as well as coffee and tea. One of its most notable acquisitions was perfume maker Coty Inc., which JAB bought in 1992 and still owns 70% of the company after its June 2013 IPO. Although JAB is the source of their wealth, neither Wolfgang Reimann nor any of his siblings are actively involved in the day-to-day management of JAB or the operations of its portfolio companies.
