Rank #1597
Peter Leibinger
Net worth $2.6B
Machine tools · Germany
- Born
- Jan 01, 1967
- Age
- 59
- Source
- Machine tools
- Residence
- Schwieberdingen
- Citizenship
- Germany
- Marital status
- Married
- Children
- 4
- Education
Net worth over time
Biography
- Peter Leibinger owns 29.4% of the world's largest manufacturer of machine tools, TRUMPF.
- The company traces its roots to 1923 when Christian Trumpf acquired a machine shop in Stuttgart.
- Peter's father, Berthold Leibinger, joined the company in 1961 and developed the first contour "nibbling" machine tool with numerical control.
- Christian Trumpf, who had no children, chose Berthold as his successor and handed over control of the company to him in 1972.
- After retiring from management in 2005, Berthold passed the company's ownership to his three children, each of whom now owns 29.4%.
- Peter studied mechanical engineering at RWTH University in Aachen, Germany, and worked as an engineer at Ingersoll Milling Machine Company, in Rockford, IL.
- He serves as vice-chairman of the TRUMPF holding company's managing board and is an active investor in German startups.