| Real Name | Michael Herz |
|---|---|
| Net Worth 2025 | $4 billion USD |
| Birthday (Year-Month-Day) | 1946-9-28 |
| Nationality | German |
| Occupation | Businessman |
| Height | m or 0 ft 0 inches |
| Weight | kg or 0 pounds |
| Marital Status | Married |
| Ethnicity | American |
| Education | yale university, New York University |
| Kids | 1 |
| Kids Names | Sloane Herz |
Michael Herz | |
|---|---|
| Born | September 28, 1943 |
| Occupation | Businessman |
| Known for | Co-owner, Tchibo |
| Title | Member of management board, Maxingvest |
| Spouse | Married |
| Parent(s) | Max Herz and Ingeburg Herz |
| Relatives | Wolfgang Herz (brother) Günter Herz (brother) Daniela Herz-Schnoekel (sister) |
Michael Herz (born September 28, 1943)[1] is a German businessman, co-owner of the German coffee shop and retail chain Tchibo.
Family business
In 1965, after the death of his father Max Herz, who co-founded Tchibo in 1949 with Carl Tchilinghiryan, Herz joined Tchibo as head of sales.[2]
Tchibo is 100% owned by family members. In 2003, along with his mother and brother Wolfgang, he bought out his other brother, Günter Herz, and sister, Daniela Herz-Schnoekel.
In 2007, the Tchibo holding company, changed its name from Tchibo Holding AG to Maxingvest AG.[3]
According to Forbes’ list of global billionaires, Herz is listed at number 360 with a net worth of $4.3 billion as of July 8, 2015. He was the 21st richest man in Germany and in 2003 made the top 10.[4][2]
Michael Herz bought and reorganized the book wholesaler Libri and the florist Blume 2000, and he also prevented the break-up of Beiersdorf AG through his efforts. His investment in Escada turned out to be a failure and ended in bankruptcy.[5][6]
Personal life
He is married and lives in Hamburg.[1]
In 2008, his brother Joachim died in a motorboat accident.[1]
References
- ^ a b c "Forbes profile: Michael Herz". Forbes. Retrieved 10 May 2019.
- ^ a b "#360 Michael Herz". Forbes. July 8, 2015.
- ^ Sarah Arnott (2008-07-11). "Tchibo coffee family 'to back' GfK's counterbid for TNS". The Independent on Sunday. London. Retrieved 2009-08-30.
- ^ "Milliardäre in Deutschland A–F". Accessed 31 May 2016.
- ^ Claudia Rach (2009-08-13). "Escada Denies Herz Brothers Turnaround Coup as Company Crumbles". Bloomberg. Retrieved 2014-09-14.
- ^ Carsten Dierig (2009-04-28). "Modekonzern Escada steht kurz vor der Insolvenz". Die Welt. Retrieved 2014-09-14.
Fact Sheet
- Wondering what Michael Herz's real name is? Michael Herz's real name is Michael Herz
- Michael Herz is German
- Michael Herz works as a(n) Businessman
- Michael Herz celebrates their birthday on 9-28
- How old is Michael Herz? Michael Herz is 79 years old
- Is Michael Herz single or married? Michael Herz is Married!
- Which college/university did Michael Herz go to? Michael Herz went to yale university, New York University
- Michael Herz has 1 kids
- Sloane Herz is the child of Michael Herz
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