Siegfried Meister

The founder of Rational AG, Siegfried Meister has an estimated net worth of $2.5 billion. He is the 38th richest person in Germany. Mr Meister has acquired his net worth with Rational AG where he works in the capacity of Chairman of the Supervisory Board. He has been holding this position since December 1998. The company went public in 2000 and Meister acquired a 63% stake in the company. 

Siegfried Meister is a qualified electrical engineer who has spent many years in the management divisions of several large and medium-sized companies. Most of these companies were in the field of electronics and kitchen technology. In 1973 Meister founder Rational AG and developed into a highly successful company. It now occupies a 54% market share in the market for appliances like ovens, steamers and grills. 

The shares of the company, Rational AG, has seen a sharp increase in the last few years and this has helped to push the net worth of Meister by many hundred million dollars. Rational AG boasts of some high profile customers like KFC, Hilton Hotels and chefs like Gordon Ramsay. The successful businessman now resides in Landsberg am Lech.

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References:

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