Hans-Werner Hector
$2.6B
Born
Jan 17, 1940
Age
85
Source of Wealth
SAP
Residence
Weinheim,
Citizenship
Germany
Marital Status
Married
Children
0
Education
Master of Science, University of Saarland
- One of five cofounders of SAP, Hans-Werner Hector built up the software giant's North American business.
- In 1996, he transferred to a Jersey Islands trust SAP shares representing more than 10% of the company's voting rights.
- When the shares were put up for sale, Hector's partners worried that their control of SAP could come under threat.
- Hector wanted to diversify his portfolio for tax and money-management purposes, but the resulting rift led to him leaving SAP in 1997.
- In 2008, Hector established the Hector Science Fund at Karlsruhe Institute of Technology with a gift of 200 million euros ($290 million at exchange rates prevailing at the time).
- His wife Josephine and he donated more than $60 million to the German city of Mannheim to renovate its museum.
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