Peter Unger Net Worth
Peter Unger Net Worth: Peter Unger is a German entrepreneur who has a net worth of $1.4 billion. Mr. Unger generated his fortune as the founder of Auto-Teile-Unger, an auto parts and repair outfit. Founded in 1985, he has since broadened his business from a single location into a still growing chain that has 400 stores in Germany, Austria and the Czech Republic.
In 2002, he started to withdraw from the business selling 80% of the company to British investor group Doughty Hanson & Co. for a reported $800 million. Two years later, Peter Unger freed from the remaining 20% stake, giving it to Kohlberg Kravis Roberts for an estimated $360 million. With a current residence in Bavaria, Unger is now retired and invests in startups every now and then.
|Net Worth:||$1.4 Billion|