Dieter Schwarz
The Schwarz-Gruppe is owned by Dieter Schwarz, a well-known German businessman. He is also the CEO and Chairman of the Kaufland hypermarket chain and the Lidl supermarket company. Schwarz is regarded as Germany's richest man and also ranks 5th among the top richest people in Europe. Dieter Schwarz took up the name rights from co-owner Ludwig Lidl when his father died suddenly, and he handled all of the Schwarz Group's obligations. Germany's retail marketing business was steadily progressing at the time. Schwarz used his natural ability to research and read to discover the greatest bargains that would help his firm thrive. He built the entire enterprise through his hard work and determination. He eventually acquired ownership of the Kaufland hypermarket business.
He opted to sell Lidl's shares to a nonprofit organization after making it feasible to run the firm extremely well. He dropped off the list of Germany's wealthiest men as a result of this surprising choice. He did, however, gain complete control of the Dieter Schwarz foundation's shares by converting them to a charitable purpose rather than a foundation. Dieter Schwarz is an extremely kind and kind-hearted individual who has contributed hundreds of millions of dollars to charity and founded his graduate school for law and business. This well-known businessman is reported to have a net worth of 47 billion dollars.
Net worth: $47 billion
Country: Germany
