August von Finck
August von Finck is a German businessman who has a net worth of $8.2 billion. His grandfather was Wilhelm von Finck who founded the private bank, Merck, Finck & Co and also the insurance giant – Allianz. August inherited both these business entities from his grandfather and was in charge of both of them. Till 1990 he headed both the bank and the insurance company.
Read also : The Billionaires of Germany
But then he oversaw the sale of both these companies to Barclays Bank in 1990. He is one of the richest man in Germany but he prefers to reside in Switzerland. The businessman is in his eighties and has a tax-free home in Switzerland and boasts of an investment portfolio that has under its umbrella – real estate companies, champagne maker, restaurants, hotels, breweries, an insurance group etc. He does administer all these entities successfully from his home in Switzerland.
He is married and has 4 children and, as stated, lives in Thurgau (Switzerland). One of his sons is named August Francois Von Finck. Last year Forbes named him among the 150 richest men in the world and he is also the 10th wealthiest man in Germany.
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