Rank #2434
Thomas Bruch
Net worth $1.7B
Retail · Germany
- Born
- Apr 25, 1950
- Age
- 76
- Source
- Retail
- Residence
- St. Wendel
- Citizenship
- Germany
- Marital status
- Married
- Children
- 3
- Education
- Master of Business Administration, University of Saarland
Net worth over time
Biography
- Thomas Bruch's retail fortune derives from Globus, with roots dating back to 1828.
- Globus operates hypermarkets and DIY stores in Germany, Luxembourg, Russia and Czech Republic. It employs almost 47,000 worldwide.
- Bruch owns about 38% of the holding company; the rest is distributed among other family members, a family foundation and a charitable foundation.
- The charitable Globus Stiftung -- of which Bruch's wife, Graciela, is CEO -- holds about 26% and will receive Bruch's stake after his death.
- In 2020, his son Matthias took over as managing director of Globus, representing the sixth generation of the family to run the firm. He also holds 10% of the company.
- Globus Stiftung has supported more than 400 social projects with $10.5 million. It focuses on supporting youth in their transition from school to work.
- Globus offers its 18,500 employees the chance to invest in and profit from the performance of the company though silent partnerships.
- Globus offers its employees the chance to invest in and profit from the performance of the company though silent partnerships.