Reinhold Wuerth & family
$32.9B
Born
Apr 20, 1935
Age
89
Source of Wealth
Fasteners
Residence
Kuenzelsau,
Citizenship
Germany
Marital Status
Married
Children
3
Education
- Reinhold Wuerth entered his father's wholesale screw business in 1949, at age 14, as the company's second employee and first apprentice.
- He took the reins in 1954 and honed a competitive advantage by delivering goods directly to customers on construction sites and in mechanical shops.
- Today, with annual sales of over $16 billion, the Wuerth Group has more than 400 companies and 83,000 employees around the world.
- Reinhold retired in 1994, but he still serves as chairman of the supervisory board of the Wuerth Group's family trusts.
- Daughter Bettina Wuerth is chairwoman of the advisory board of Wuerth Group.
- Wuerth's vast art collection, consisting of more than 18,500 pieces, began with an Emil Nolde watercolor painting acquired in 1964.
- An avid aviator, Wuerth was president of a German flying club for nearly 25 years.
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