Portrait of Ulrich Mommert & family

Rank #2404

Ulrich Mommert & family

Net worth $1.7B

Lighting · Austria

Born
Jan 11, 1941
Age
85
Source
Lighting
Residence
Citizenship
Austria
Marital status
Children
0
Education

Net worth over time

Biography

  • Ulrich Mommert took over Austrian lighting company ZKW In 1982, when it was on the brink of bankruptcy.
  • He refocused ZKW on lighting technology for high-end automobiles, with clients such as BMW, Mercedes, Porsche and Audi.
  • In 2018 Mommert sold the company to South Korean firm LG for $1.2 billion.
  • Mommert owns a horse racing team and a trotting track in Berlin-Mariendorf.
  • He used to be an amateur horse racer, and won more than 160 races; he is believed to own around 100 horses.