As per Forbes, the German businesswoman Daniela Herz has an estimated net worth of $2.5 billion. Daniela is the only daughter of Max Herz who was the founder of Tchibo Holding. After the death of his father, the company was taken over by the oldest son while the rest of the siblings sat on the supervisory board. Daniela inherited a huge amount of shares at the company which is now known as Maxingvest.
Tchibo made huge profits and this made the Hertz clan one of the wealthiest families in the country. However, there has been a long ongoing feud among the siblings which went on till 2003. At last Daniela and her brother Gunter left the parental company to set up their own asset management company, Mayfair. They had a combined share of 40% in the company which they sold to their siblings.
The brother-sister duo also invested in the well known sporting goods company, Puma. In 2006 they bought the bought shipping certification company Germanischer Lloyd. However, in the 2nd half of 2012 the company merged with Det Norske Veritas of Norway. This newly merged company later came to be known as DNV GL Group and is considered as one of the largest ship classification company in the world. Today, Daniela Herz is considered as one of the wealthiest citizens of Germany.