Rank #1585
Walter P.J. Droege
Net worth $2.7B
Investing · Germany
- Born
- Nov 25, 1952
- Age
- 73
- Source
- Investing
- Residence
- Dusseldorf
- Citizenship
- Germany
- Marital status
- Married
- Children
- 0
- Education
Net worth over time
Biography
- Walter P.J. Droege and wife Hedda im Brahm-Droege founded Droege Group in 1988. It is one of the world's largest advisory and investment practices.
- Droege Group has a hybrid business model, providing expertise to consulting clients and making "buy-and-build" investments, which is now its focus.
- By providing capital, management resources and "value-add" know-how, it follows an "Entrepreneurship-as-a-Service" principle in engaging with clients.
- In 2018, Ernest-W. Droege, the couple's eldest son, joined the management board and succeeded his father as CEO.
- Droege Group is active in 30 countries and generates around $12 billion in annual revenue.
- Walter, who remains on the board of directors, owns 78% of the group. Hedda is vice-chairwoman of the supervisory board and holds 22%.
- They're avid collectors of contemporary art and exhibit pieces by world-renowned artists like Gerhard Richter in their offices.
Financial assets
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