Reinhold Würth Net Worth 2020

Short introduction

Entrepreneur Reinhold Würth initially built its great wealth with the screw trading company. After intensive expansion, it became the international market leader for assembly technology. He also appeared as a sponsor of art and lover and was a professor of honor for entrepreneurship.

Early Life

Born in Baden-Württemberg in 1935, his parents set up a wholesale business for screws right after the war. Initially without employees, Reinhold Würth was withdrawn from school at the age of 14 years and became the first trainees and employees in parental companies. It is based in Künzelsau. The Father died before he was an adult, so Reinhold Würth had to wait two years before he was 21 years old before he could take over the company’s management. Since then he led the Würth company from regional players to global companies.

Career

Reinhold Würth achieved this by expanding more and expanding the reach of the company “Würth”. It’s quite early to just buy the screw manufacturer as soon as the developing company gives him a means to do it.

When he finally began to expand trade abroad, the road to a global company has begun. Würth group is now active in more than 80 countries, with more than 400 different companies. This results in annual sales of more than 10 billion euros, more than half produced abroad. Initially only selling screws, the field of Würth Group’s activity was now very wide, but continued to focus on binding technology.

Reinhold Würth has not been part of operational management since 1994. From 1999 to 2003 he was the Head of the Entrepreneurship Institute at Karlsruhe University.

If the assessment of his wealth is correct, he is the eleventh richest German a few years ago and the richest and richest people around the world. He has now contributed his assets to the Würth foundation. The company must continue to do it even after his death.

Since retiring from operational management, it has emerged mainly as an art sponsor. On the one hand, he himself has a large collection called Würth collection. On the other hand, it promotes the art itself and opportunities for ordinary people to contact them.

In 2003, for example, he bought Fürstlich Fürstengische Samlung when in danger dissolved. In 2011, he paid 50 million euros for the painting “Darmstadt Madonna” from the initial Renaissance. Like many other parts of the Würth collection, this is exhibited in Johanniterkirche at Schwäbisch Hall.

Reinhold Würth was married to his wife Carmen since 1956. With him he has three children. He has lived in Hermersberg’s castle with his wife since 1974. His son was deformed kidnapped in 2015 and then released without injury. Kidnapper has not been arrested.

Reinhold Würth belongs to the new Apostolic Church. In 2008, he faced charges of tax evasion. However, this is about the internal cleaning procedure in his company, not his personal income. Würth approved the order of 700 daily rates, which means that it is a criminal record. This is one reason why he proposed Austrian citizenship in 2010, he also received.

Career spotlight.

It is possible that among the many awards Reinhold Würth was accepted, a federal cross given in 1985, which he counted among the highlights. Or it was an extension from 1996 when he received Federal Federal Pahala Feeds 1. There were also many honorary doctors and honorary citizenship, including Palermo University and Louisville University. Reinhold Würth is also a knight of the Legion of Honor.

But in general, it must be the fact that small family business has turned into a billion-dollar global company.

Famous quotes

“Every company is a sociological structure and, such as living organisms, subject to, medium and dies. I conclude that as long as a company is still developing, we cannot go. That is why growth is very important. Stand still a step back and the first step to the grave. But nothing will be buried alive – and since our 75-year-old company is very fresh, very vital and full of entrepreneurship, it will still have a bright future in front of it. “

“I already have two working life.”

“The company is my hobby, my electric train.”

Amazing facts

Reinhold Würth warned impressively and in public about shifting to the right of the community in the German Federal Republic. In particular, he named most AFD as a danger to the community.

He believes that he can convince his employees with art. He is the first company in the world to install art gallery in a company’s administrative building.

In 1987 Reinhold Würth founded a foundation that also gave prestigious art gifts.

The Women’s World Cup tournament in the Epee fence, which takes place every year in Tauberbischofsheim, has been named after it since 1987.

Net Worth 2020

As of 2020, his estimated net worth is around $16.2 Billion