Michael and Rainer Schmidt Ruthenbeck
German Billionaire Brothers
Michael & Rainer Schmidt-Ruthenbeck are German businessmen who have a net worth of $2.2 billion. They are actually brothers and prefer to stay away from the media and spotlight. These two own nearly 16% stake in the Metro Group, the world’s 3rd largest retailer.
The company is based in Dusseldorf and it has stores across Europe and in many places in Asia & Africa. However, none of the brothers are involved in the management of the company.
The Schmidt-Ruthenbeck brothers are also the owner of 12 luxury hotels and spas that are present in various locations in Germany and neighboring Austria. They also fund the Mercator Foundation which has a number of projects supporting arts educations and change in weather pattern.
Press Like If You Learnt Something New : )
"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.
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)