Category:
Richest BusinessRichest Billionaires
Net Worth:
$5.7 Billion
Gender:
Male

What is Ludwig Merckle's 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.

All net worths are calculated using data drawn from public sources. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. We welcome all corrections and feedback using the button below.
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