Axel Oberwelland & family
$1.2B
Born
Jan 01, 1967
Age
58
Source of Wealth
Candy
Residence
Berlin,
Citizenship
Germany
Marital Status
Married
Children
0
Education
- Axel Oberwelland is proprietor of the German candy company August Storck KG, whose brands include Werther's Original, Riesen and Toffifee.
- Oberwelland's great-grandfather August Storck founded the business in the Westphalia town of Werther in 1903.
- At the time, sweets typically were sold unpackaged and without branding. He packaged his individually and gave them snappy names.
- Today, Storck employs over 5,000 people, sells products in more than 100 countries and generates around $2 billion in estimated annual revenue.
- Axel became the fourth generation of his family to lead the company after his father, Klaus, retired on Storck's 100th anniversary in 2003.
- In 1992, Klaus Oberwelland established the Stork Foundation to preserve endangered stork populations.
- The most successful new launch in 2017 for sweets was Storck's Knoppers nut bar.
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