Ludwig Merckle Net Worth

How much is Ludwig Merckle Worth?

in Richest BusinessmenRichest Billionaires
Ludwig Merckle net worth:
$5.7 Billion

Ludwig Merckle Net Worth: Ludwig Merckle is a German enterpreneuer who has a net worth of $5.7 billion. Born on 8 June 1965, Ludwig Merckle is a Chairman of Merckle GmbH, a pharmaceutical company that he inherited from his father. After his graduation from the University of Mannheim, he started working for his father Adolf Merckle, a German billionaire. He worked for the company from 1997 to 2008, when Oliver Windholz took over his position. In 2009, his father committed suicide after a bad investment on Volkswagen shares that led to a rising debt. Ludwig Merckle inherited a rotten-debt fortune, and has carried out an extraordinary turnaround. In order to pay off the debt, he began to sell his assets by cutting his stake from 74% to 25% of the shares of HeidelbergCement. He also sold Ratiopharm, generic drug producer, to Teva Pharmacueticals for $5 billion. Furthermore, he owns one of Europe's major pharmaceutical distributor, Phoenix, and chairs Kässbohrer Geländefahrzeug AG and Wuerttemberg AG. Only three years after he inherited the debt-fated fortune, he was not only able to restore it successfully, but in December 2011, he was also nominated for the Entrepreneur of the Year by Handelsblatt, a top German trade journal.

Ludwig Merckle Net Worth

Ludwig Merckle

All net worths are calculated by applying a proprietary algorithm. The results are then fact checked and confirmed by a team of editors. We scan all publicly available data and resources and work diligently to ensure that our numbers are the most accurate and up to date net worth data you will find anywhere on the internet.
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