Mathias Doepfner
$1.3B
Born
Jan 15, 1963
Age
62
Source of Wealth
Media
Residence
Potsdam,
Citizenship
Germany
Marital Status
Children
0
Education
- Mathias Doepfner is chairman and CEO of German media giant Axel Springer, which is active in over 40 countries and employs more than 16,000 people.
- Axel Springer hired him in 1988 as Editor-in-Chief of its newspaper Die Welt. He joined the company's executive board in 2000 and became CEO in 2002.
- His success in building revenue from digital activities, from under $150 million to around $3 billion, helped earn the trust of controlling shareholder Friede Springer.
- To ensure continuity, in 2020 Friede Springer gave him a 15% stake in Axel Springer and sold him an additional 4.1%. He was awarded additional stock and now owns nearly 22%.
- Axel Springer went public in 1985. In 2020, it went private again in a KKR-funded buyout that valued the company at around $8 billion.
- Acquisitions under Doepfner have included TV news station N24 (since rebranded as Welt) and the digital news outlet Business Insider.
- Doepfner studied musicology and theatrical arts in Frankfurt and Boston before starting his career as a journalist at the Frankfurter Allgemeine Zeitung in 1982.
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