Wolfgang Herz is a well known German entrepreneur who received a massive fortune from his father’s inheritance. His net worth is estimated to be $5 billion. His father, Max Hertz, was a coffee baron. Wolfgnag himself is the co-owner of Tchibo Holding which is one of the largest retail groups in Germany. The company made massive profits over the years and this made the Herz family, including Wolfgang, very rich indeed.
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In 2003 Wolfgang Herz was in the center of major controversy as it was alleged that he tried his best, along with Michael and mother Ingebrug, to oust Daniela and Gunter from the company. Daniela and Gunter were his other siblings. It is true that the Herz family has been always in the news because there was a sort of battle between the siblings to wrest control of their father’s fortunes.
But all this bitterness had a sorrow end as, in 2008, their brother Joachim died while swimming in a lake in Georgia. His fortunes were all donated to a charitable institution. The German businessman now lives in Hamburg, Germany and it won’t be wrong to say that controversies have never deserted the Herz family although a majority of it has been a result of their own doing.