Horst Julius Pudwill

Net worth over time

Biography

• Horst Julius Pudwill is cofounder and chairman of Techtronic Industries, a Hong Kong-based manufacturer of power tools and floor-care products.
• The company produces the iconic vacuum cleaner Hoover, which many people use as a verb (such as in the phrase "hoover the carpet").
• Pudwill was an engineer at Volkswagen in Germany before transferring to Hong Kong in the mid-1970s to become a general manager.
• Pudwill cofounded Techtronic in 1985 with Roy Chi Ping Chung.
• He continues to oversee Techtronic's operations with his son, Stephan, the firm's vice chairman.
• His first two decades in business paralleled many other Greater China entrepreneurs' careers - lining up and eventually manufacturing supplies for Western brands.

Financial assets