Erivan Haub

Erivan Haub with a net worth of $4.4 billion is the co-owner of Germany’s largest food retail company, the Tengelmann Group. The group was established as a family business more than 140 years ago. Erivan Haub joined this business at the age of 31 and soon after the death of his uncle, KarlSchmitz-Scholl; he became the managing director of the company. In 2000 he handed over this position to his son, Karl Erivan and joined the supervisory board. 

erivan haub

Tengelmann Group flourished under his management and expanded significantly. In 1971 the company took control of the Kaiser’s grocery store and the following year it founded PLUS which is a discount grocery. Around this time, Haub began to concentrate on international expansion and finally in 1979 it took over The Great Atlantic & Pacific Tea Company. At one point of time, Haub also owned 41% of the noted grocery chain in the US, A&P. But the US company filed for bankruptcy in 2010 and the Tengelmann Group withdrew from the investment. 

erivan haub

Erivan Haub is a big fan of US and he owns a land in Washington State and a buffalo ranch in Wyoming. He has contributed a lot towards the revitalization of the town of Tacoma in the Washington State. Haub enjoys a kind of celebrity status in this town as recognition for his efforts. The 81 year old businessman now lives in Wiesbaden in Germany and is married to Helga Otto.

Read also :  The Billionaires of Germany

Press Like If You Learnt Something New : )

New! Comments

Have your say about what you just read! Leave me a comment in the box below.

"If I have seen further than others, it is by standing upon the shoulders of giants." Isaac Newton

The material in this site is purely for educational purposes only. In creating this side we have sourced info from many sites and would like to give credit to where it is due.We do not intend to infringe any website's copyrighted material and we use the information for educational purposes and use information that are public in nature and hopefully protected by freedom of information laws. Also, when I created this website years ago, I took many pictures from the internet that may infringe your copyright. I will be slowly taking all these down and if the picture that belongs to you or your company is still there, please drop me an email and I will remove the pictures. If you found that any article in this website infringe your rights please let us know and we will take it down. Thanks.


References:

Forbes (The ultimate site for billionaire rankings)

CelebrityNetWorth (The ultimate site for net worth of celebrities)

TheRichest (Great site for things about money and rich people)

Wikipedia (Greatest site on earth for lots of information)