Dieter Schwarz Net Worth
Dieter Schwarz net worth: Dieter Schwarz is a German entrepreneur who has a net worth of $17 billion dollars. Dieter Schwarz was born in Heilbronn, Germany and inherited the supermarket chain Lidl from his father, Josef Schwarz, in the late 70s. He is the current CEO and chairman of Lidl, which operates under the umbrella of the Schwarz Gruppe. Lidl currently has nearly 10,000 locations spread out around Europe. In addition to owning Lidl, Dieter Schwarz also controls Handelshof and Kaufland, a chain of retail stores, and a hypermarket, respectively. He was on the Forbes Billionaires List for most of the 90s, but was taken off for one year in 1999. He has since returned to the list. Schwarz Gruppe also oversees the Schwarz Foundation, which supports various educational and daycare institutions. Dieter Schwarz is notoriously private, and avoids publicity as much as possible. He currently lives in Germany with his wife and two children.
Net Worth details: Dieter Schwarz earned his fortune through the supermarket business and his control of Schwarz Group which owns chains including Kaufland and Lidl. In 2016 the company comprised of more than 10,000 stores reported revenue of $95.1 billion. His assets are controlled through Dieter Schwarz Stiftung, and he alone decides how much is goes to the Stiftung, which is tax-exempt under German law.