Rank #614
Hubertus von Baumbach
Net worth $6.5B
Pharma · Germany
- Born
- Mar 08, 1968
- Age
- 58
- Source
- Pharma
- Residence
- Ingelheim
- Citizenship
- Germany
- Marital status
- Children
- 0
- Education
Net worth over time
Biography
- Hubertus von Baumbach is the chairman of Boehringer Ingelheim, the world's largest private pharmaceutical company, headquartered in Germany.
- Founded in 1885 by Albert Boehringer, the company supplied ingredients to pharmacies, textile merchants and the food industry, and grew to a workforce of 1,500 by 1939.
- In 1917 the company opened a research department with chemist Heinrich Wieland, Boehringer's cousin, who went on to win the Nobel Prize in Chemistry.
- An heir to the fortune, von Baumbach joined the company in 2001 and became its chairman in 2016.
- Today, Boehringer Ingelheim's most well-known drugs treat COPD, anti-coagulation and type 2 diabetes; it now employs 53,000 people and has a presence in 130 markets.
- Von Baumbach along with 14 members of the family own equal parts of the company.