Erich von Baumbach
$5.8B
Born
May 06, 1971
Age
54
Source of Wealth
Pharma
Residence
Ingelheim,
Citizenship
Germany
Marital Status
Children
3
Education
- Erich von Baumbach derives his wealth from Germany's Boehringer Ingelheim, the world's largest privately-owned pharmaceutical company.
- An heir to the fortune, he traces his lineage to the company's founder Albert Boehringer, who founded the company in 1885.
- After purchasing a tartar factory, Boehringer employed 28 people, who produced ingredients for pharmacies, textile merchants and the food industry.
- In 1917 the company opened a research department with chemist Heinrich Wieland, Boehringer's cousin, who would go on to win the Nobel Prize in Chemistry.
- Today some of Boehringer Ingelheim's most well-known drugs treat COPD, anti-coagulation and type 2 diabetes.
- Erich along with 14 members of the family own equal parts of the company.
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