Rank #983
Kevin David Lehmann
Net worth $4.3B
Drugstores · Germany
- Born
- Sep 01, 2002
- Age
- 23
- Source
- Drugstores
- Residence
- Citizenship
- Germany
- Marital status
- Children
- 0
- Education
Net worth over time
Biography
- Kevin David Lehmann owns 50% of Germany's leading drugstore chain, dm (drogerie markt), which brings in over $14 billion in annual revenue.
- The company got its start in 1973 when Goetz Werner opened his first shop in Karlsruhe, Germany. Today, dm has some 3,700 locations.
- In 1974, Kevin David Lehmann's father, Guenther, then running his family's Pfannkuch grocery chain, invested in dm.
- Guenther quietly transferred ownership of his 50% dm stake to Kevin David in 2017.
- Neither Kevin David nor his father have been operationally involved in dm. Little is known about them.
- The dm philosophy, that ensuring employee well being brings greater long-term success for the company, is well known in German-speaking countries.
- Goetz Werner transferred his 50% of dm to a charitable foundation. His son Christoph, a member of dm's management board since 2011, now manages the company.