Heinz Hermann Thiele is a German entrepreneur who has an estimated net worth of $6.4 billion. In the late 1980s Thiele & family acquired Knorr-Bremse AG which is the world’s leading manufacturer of braking systems for commercial vehicles. Thiele sits on the advisory board now as he withdrew from all operational affairs in 2011. From late 2005 he is an honorary citizen of Kecskernet, a Hungarian city, where his factory employs more than 700 people.
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It was only in 2011 that he decided to sit on the advisory board and gave away a substantial portion of the company to his 2 children. This has been an amazing journey for Heinz Hermann Thiele who started his career as a legal clerk. A few years later, he assumed the position of the head of the legal department and gradually made his way through to the position of an executive board member in Knorr-Bremse AG.
The German billionaire graduated from University of Munich with a law degree. He resides in Munich with his wife and 2 children. These days he spends a lot of time in philanthropic works, hiking and animal photography. He is very happy to let his children take over the operations of his esteemed business and achieve further glory.