Rank #198
Friedhelm Loh
Net worth $15.2B
Manufacturing · Germany
- Born
- Aug 15, 1946
- Age
- 79
- Source
- Manufacturing
- Residence
- Haiger
- Citizenship
- Germany
- Marital status
- Married
- Children
- 3
- Education
Net worth over time
Biography
- Friedhelm Loh's group of companies provides software, products and services to industries including switchgear manufacturing and utilities.
- His largest company, Rittal, supplies electrical enclosures, climate-control technology, power-distribution gear and IT infrastructure.
- He inherited the business from his father, Rudolf, who invented the first mass-produced enclosures for electrical control systems.
- Today, the group has over 12,000 employees, 100 global subsidiaries and annual revenue of around $3 billion.
- Loh collects antique cars and publishes religious literature through his Christian Media Foundation.
- In 2011, he committed $6.8 million to establish the Rittal Foundation, supporting educational, social and scientific projects.