Timm Oberwelland

Net worth over time

Biography

• Oberwelland's great-grandfather, August Storck founded the business in the Westphalia town of Werther in 1903.
• At the time, sweets typically were sold unpackaged and without branding. He packaged his individually and gave them snappy names.
• Today, Storck employs over 7,000 people, sells products in more than 100 countries and generates almost $3 billion in estimated annual revenue.
• His brother, Axel, became the fourth generation of his family to lead the company after his father, Klaus, retired on Storck's 100th anniversary in 2003.