Dieter Schwarz
$47.9B
Born
Sep 24, 1939
Age
85
Source of Wealth
Retail
Residence
Neckarsulm,
Citizenship
Germany
Marital Status
Married
Children
2
Education
- Dieter Schwarz's Schwarz Group, with revenue of over $160 billion, is comprised of the Kaufland and Lidl (rhymes with needle) discount supermarkets.
- Schwarz inherited the company from his father, Josef, who became a partner in Suedfruechte Grosshandel Lidl & Co., a fruit wholesaler, in 1930.
- Dieter opened the first Lidl store in 1973, became CEO in 1977 when Josef died, and built Schwarz Group into Europe's largest retail empire, with 500,000 employees.
- Lidl entered the U.S. in 2017, promising to convince consumers to "Rethink Grocery." Its stores are mostly in Virginia and North and South Carolina.
- Schwarz Group is owned by a foundation, technically a limited liability company, but Dieter maintains full control and is the effective owner.
- The Dieter Schwarz Foundation supports education and daycare facilities for children, as well as science and research projects.
- A decidedly private person who shuns all publicity, Schwarz has been married for more than 50 years and has two daughters.
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