Hubertus von Baumbach
$5.8B
Born
Mar 08, 1968
Age
57
Source of Wealth
Pharma
Residence
Ingelheim,
Citizenship
Germany
Marital Status
Children
0
Education
- 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.
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