Rank #905
Erwin Franz Mueller
Net worth $4.7B
Drugstores · Germany
- Born
- Aug 09, 1932
- Age
- 93
- Source
- Drugstores
- Residence
- Ulm
- Citizenship
- Germany
- Marital status
- Married
- Children
- 1
- Education
Net worth over time
Biography
- Erwin Franz Mueller owns an eponymous drugstore chain with some 880 stores across seven European countries and annual revenue of around $4.4 billion.
- The business dates to 1953, when Mueller opened a hairdressing shop in his home in Ulm, Germany.
- In recent years, working conditions at his drugstores have been the subject of scrutiny in media reports.
- In August 2022, shortly before his 90th birthday, M?ller retook the helm after CEO G?nther Helm suddenly departed.
- In 2017, he founded the Erwin-Mueller-Privatstiftung as a company foundation in Linz, Austria to deal with his eventual succession.
- Mueller is believed to have pledged more $1 billion of real estate assets - including a house and a golf course in Mallorca - as collateral in a 2013 tax dispute.
- He married his second wife and former secretary, Anita, in 2006. Around the same time, his son Reinhard left the company's management team.