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

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