Heinz Georg Baus
Heinz-Georg Baus is a self made German entrepreneur who has an estimated net worth of $3.4 billion. He was born in 1934 and began his career as a simple carpenter. In 1960 he founded Bauhaus AG, the German home improvement chain. The first store opened in Mannheim but he always had an ambition to expand his business beyond the boundaries. In 1972 he forayed into Austria and gradually he opened new stores in various European countries.
Bauhaus AG had a rapid expansion and within a few years it had stores in countries like Hungary, Finland and Turkey. Today, the company has more than 220 home improvement stores spread across 16 European countries. It earns, on an average, $6.3 billion but 50% of the sales take place in Germany only. Today, Bauhaus AG is the 2nd biggest home-improvement chain in Germany.
Heinz-Georg Baus is now 80 years of age; he is married and lives in Zug with his wife and son. The head office of Bauhaus AG is also located here and his son, Bernd, serves as the Managing Director of the company.
Read also : The Billionaires of Germany
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