A Lidl More Than Average: How Much is Dieter Schwarz Worth?
Net Worth : $24.8 Billion
Dieter Schwarz is a German-born entrepreneur, who has headed the same supermarket chain for four decades after inheriting it from his father in the early 1970’s. The company is Lidl, and it’s the second largest discount store in all of Europe, spanning the entire length of the continent with more than 10,000 active locations both in and outside of its boundaries. Since its start, it has exceeded $85 billion in revenue, a majority of which is due to Dieter’s fine leadership. On top of running Lidl, he also controls two other European retailers, Handelshof and Kaufland.
The boss of Lidl is worth a staggering $24.8 Billion USD
In 1999, ownership was transferred from him to his recently established charitable organization, the Schwarz Foundation. Despite this, Schwarz personally held, and continues to hold, full ownership of all company shares and assets. To this day, he consistently uses his wealth to help others, focusing his group’s efforts on public education and daycare facilities for young children in his country.
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