Rolf Gerling is a German billionaire whose net worth is estimated to be $1.7 billion. In 1904 his grandfather started a small insurance business known as Gerling Konzern which his father took over and expanded it into a global insurance firm.
Gerling Konzern is one of the most renowned writers of reinsurance policies. It is interesting to note that although Rolf is a trained economist he showed very little interest in the family legacy.
In 2005 he decided to give up his 94% stake in the company to the third largest insurance company in Germany, the Talanx Group. The deal was closed for an estimated $1.6 billion. Rolf resides in Zurich with his wife and he has three children.
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