- Category:
- Richest Business › Richest Billionaires
- Net Worth:
- $4.6 Billion
What is Dieter Schnabel's Net Worth?
Dieter Schnabel is a German entrepreneur who has a net worth of $4.6 billion. Born in 1946 in Hamburg, Germany, Dieter Schnabel is the sole owner of Helm AG, an immense chemical conglomerate based in his native Hamburg. The company, which serves as a key generator of Schnabel's wealth, was founded back in 1900 by a merchant named Karl Otto Helm. It was Schnabel's father, Herman Schnabel, the one to take over the helm of the company in 1950, and then, to let Dieter join the company in 1968. Over the years, Dieter has climbed up the corporate ladder, stepping in his father's shoes as CEO in 1984.
In that position, he has transformed the company from a trading house into a global marketing organization. The growth of Helm AG has been tremendous, especially from 1984 to 2004, as the company's revenue touched $3.5 billion. Schnabel also served as Chairman of the Executive Board from 1984 until early 2012, when he resigned to become the Head of the Supervisory Board. Married to a German-Mexican lady, Dieter has three children. His eldest son entered the family business in 2012, starting to work in the industrial chemical and pesticides department.
