Rank #3017
Clemens Toennies
Net worth $1.2B
Meat processing · Germany
- Born
- May 27, 1956
- Age
- 70
- Source
- Meat processing
- Residence
- Rheda-Wiedenbrück
- Citizenship
- Germany
- Marital status
- Children
- 0
- Education
Net worth over time
Biography
- Clemens Toennies owns 45% of German food industry giant Toennies Lebensmittel, with annual revenue of around $6 billion. His son Maximilian owns 5%.
- Operating meat, convenience, ingredients and logistics divisions, the company specializes in pig, sow and beef cattle slaughtering and processing.
- Clemens attended butchery college and, in 1971, cofounded the company with his brother, Bernd.
- Bernd died in 1994, at age 42. His son, Robert, now owns 50% of the business, which employs more than 15,000 people in facilities in Germany and Denmark.
- Clemens fought in court with Robert for several years. In 2017, they settled their dispute over ownership of stakes in the company.
- For many years, Clemens presided over pro soccer team FC Schalke 04. He resigned from his post as chairman in June 2020.
- Pressure on him had been mounting after racist remarks in 2019, poor team performance on the field, and a Covid-19 outbreak at one of his company's slaughterhouses.