Rank #1249
Christian Haub
Net worth $3.5B
Retail · Germany
- Born
- Jul 22, 1964
- Age
- 61
- Source
- Retail
- Residence
- Munich
- Citizenship
- Germany
- Marital status
- Married
- Children
- 4
- Education
Net worth over time
Biography
- Christian Haub runs his family's Tengelmann Group, a retail conglomerate that began with a shop opened in Muelheim an der Ruhr in 1867 and today employs more than 70,000.
- Its operations include home-improvement chain OBI; clothing and non-food discounter KiK; online retailer babymarkt.de; and food production company No Meat Factory.
- The group also invests in startups and is active in services (energy, plus audits and consulting), property management and real estate development.
- Older brother Karl-Erivan and Christian had taken over as co-CEOs in 2000. In 2018, Karl-Erivan went missing while on a ski tour. In 2021, he was declared dead.
- In 2021 Christian bought an additional stake in Tengelmann 21 from Karl-Erivan's two children, reportedly paying as much as $1.6 billion. He is now its largest shareholder with a 68.67% stake.
- Erivan Haub had strong ties to Tacoma, WA, where his sons were born. He was a major contributor to UW-Tacoma, the Museum of Glass and the LeMay Automobile Museum.