Paul Gauselmann & family
$2.7B
Born
Aug 26, 1934
Age
91
Source of Wealth
Gambling
Residence
Espelkamp,
Citizenship
Germany
Marital Status
Married
Children
4
Education
- 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 produces both AWP (amusement with prize) and SWP (skill with prize) machines.
- 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.
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