Klaus Tschira is a trained physicist and an entrepreneur who has a net worth of $8 billion. He, along with his four friends at IBM, founded SAP, a German software company in 1972. Klaus acquired his net income mainly through the shares in this software company. He secured a diploma in Physics from IBM and very soon he co-founded this software firm along with his friends. Today SAP is one of the largest firms in the world and it has recorded revenue of $18.5 billion in 2011.
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Klaus retired from the company in 1998 and even stepped down as one of the supervisory board members in 2007. Contrary to what people believed, it was never a hastily taken decision as he wanted to devote a lot of time to philanthropic activities. In 1995 he had formed the Klaus Tschira Foundation which is now the largest philanthropic organization in Germany today.
Klaus had donated 7 million shares to establish this non-profit organization to enable a better public understanding of mathematics and natural sciences. In 2008 Klaus Tschira, along with his wife Gerda, established the Gerda & Klaus Tschira Foundation. The self-made man and MS graduate from University of Karlsruhe lives in Heidelberg and he has 2 children.