Portrait of Thomas Schmidheiny

Rank #308

Thomas Schmidheiny

Net worth $10.7B

Cement · Switzerland

Born
Dec 17, 1945
Age
80
Source
Cement
Residence
Jona
Citizenship
Switzerland
Marital status
Married
Children
4
Education
Doctorate, Tufts University; Bachelor of Arts/Science, Zurich Polytechnic

Net worth over time

Biography

  • Thomas Schmidheiny gets the bulk of his fortune from cement and building materials giant HOLCIM, which was formed via a mega-merger in 2014.
  • His great-grandfather Jacob founded the family business in 1912; over time the family built an empire of bricks and cement.
  • His father Max divided the estate in 1984 and Thomas inherited cement and concrete supplier Holcim. His brother Stephan got concrete supplier Eternit.
  • Thomas, now honorary chairman of Holcim, left the board in 2018. He retired as chairman in 2003 after running the company for 20 years.
  • Schmidheiny also has wineries in California, Argentina, and Switzerland.
  • Schmidheiny's son co-founded Berlin-based film distributor DCM and his daughter built a brewery in Latin America.
  • Schmidheiny's grandfather founded a vine growers cooperative and his dad started making wine on the family's Heerbrugg estate when Schmidheiny was a child.

Financial assets

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