Friedrich Knapp
$4.6B
Born
May 06, 1951
Age
74
Source of Wealth
Fashion retail
Residence
Brunswick,
Citizenship
Germany
Marital Status
Married
Children
3
Education
- Friedrich Knapp presides over one of Europe's largest fashion companies, New Yorker GmbH, which has more than 1,000 stores in 40 countries.
- The low-profile billionaire, with Tilmar Hansen and Michael Simson, started the retailer in 1971, with one store in the German town of Flensburg.
- Today, the chain employs more than 18,000 people and has revenues of around $2 billion.
- New Yorker is known for targeting a younger audience with fashion ranging from outerwear and knitwear to jeans and athletic apparel.
- In 2019, Knapp challenged Amazon, claiming that a large proportion of textiles sold by the online giant did not comply with the German textile labeling act.
- Knapp promotes cultural education among underprivileged children and teens through the New Yorker Foundation.
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