The 3rd Youngest Female Billionaire
Yvonne Bauer, the German publisher and media manager, has an estimated net worth of $3.5 billion. She is the 3rd youngest female billionaire in the world and runs the Bauer Media Group which is privately owned by her family. The Group publishes more than 600 magazines in 37 countries. Some of the popular titles in the US include Woman’s World, In Touch & First for Women.
The group has an ambitious plan of expansion through key acquisitions and product launches which are focused on radio & print. In the 2nd half of 2012 the Group acquired the ACP Magazines which is an Australian magazine publisher. In 2012 the sales of the Group grew by 8% and in 2013 the revenues rose by 11% to around $3.4 billion. This helped to push her net worth by quite a few notches.
In 2010, Heinz Bauer, Yvonne’s father, transferred 85% stake in the business to her name while her sisters Nicola, Mirja & Saskia owned 5% each. His father remains a general partner only. Apart from Yvonne, Saska performs quite an active role in the running of the Group, which was founded way back in 1875. The media magnate is still single and lives in Hamburg.
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