Axel Oberwelland is the CEO of the German candy company, Storck GmbH. According to Forbes, his estimated net worth is $3.6 billion. He actually inherited this company when his father died in 2005. The company is well known as it manufactures Werther’s Original, Toffiffee & Riesen brands. He has been ranked at #376 in the list of world billionaires. Axel is the 4th generation of the family to run this candy business.
Axel Oberwelland is the CEO of Storck GmbH which is also known for producing house-brand chocolates for Aldi, the renowned German retailer. It is interesting to note that Aldi is actually owned by another German billionaire, Karl Albrecht. The firm has a policy of not disclosing its revenues but industry experts claim that in 2011 it earned close to $21 billion. The company earned more or less the same revenue in 2010 too.
Axel has enjoyed a substantial increase in his net worth as the market value of the candy industry has appreciated in the last few years or so. The company is involved in philanthropic activities too. In 1992 it established the Stork Foundation which helps to preserve the stork population in Germany which is highly endangered. The billionaire businessman is married and lives in Berlin. He has no children.
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