Rank #1050
Paul Gauselmann & family
Net worth $4.1B
Gambling · Germany
- Born
- Aug 26, 1934
- Age
- 91
- Source
- Gambling
- Residence
- Espelkamp
- Citizenship
- Germany
- Marital status
- Married
- Children
- 4
- Education
Net worth over time
Biography
- Paul Gauselmann has been called the "pope of the amusement business" in Germany.
- He began his career in 1957 working as an apprentice telecommunications inspector and mounted jukeboxes in his spare time.
- In 1964, he founded the company that turned into Gauselmann Group. He opened the first Merkur amusement arcade in 1974.
- Now known as Merkur Group, today the company has annual revenue of around $3 billion and employs more than 13,000 people.
- The company operates arcades throughout Europe and has more than 15 casinos in Germany. It has also expanded into mobile sports betting and iGaming.
- For his 65th birthday in 1999, Gauselmann created the Gauselmann Family Foundation operating in youth welfare and work for the elderly.
- Son Armin is a member of the management team and son Karsten is a member of the board of Gauselmann Group.