Ralph Dommermuth Net Worth

How much is Ralph Dommermuth Worth?

in Richest BusinessmenRichest Billionaires
Ralph Dommermuth net worth:
$3.9 Billion

Ralph Dommermuth Net Worth: Ralph Dommermuth is a German entrepreneur who has a net worth of $3.9 billion. Ralph Dommermuth acquired his riches as the founder and CEO of United Internet AG, one of Germany's leading Internet access providers. Solely last year, he witnessed a $1.9 billion rise in his net worth on a 90% surge in the share price of United Internet AG. Dommermuth made his career beginnings as a computer salesman, right after he completed an apprenticeship at Deutsche Bank in 1983. Five years later, he launched United's predecessor company, 1&1 AG, with a borrowed desk and DM 500,000 in starting capital. At first, the company offered tech-savvy marketing services for small software and telecommunications suppliers, before landing big clients like IBM, Compaq and Deutsche Telekom. In March 1998, Dommermuth took the company public on Germany's then-new stock exchange for high-tech companies, the Neuer Markt. Since then, he owns over 40% of the company. A zealous sailor, Dommermuth and his company sponsored the United Internet Team Germany in the 2007 America's Cup.

Ralph Dommermuth Net Worth

Ralph Dommermuth

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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