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. 

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