Name
Axel Oberwelland
Axel Oberwelland
Berlin, Germany
Germany
candy
$4,500,000,000
478
#478 Billionaires 2019
Axel Oberwelland proprietor of the German candy company August Storck KG, whose brands include Werther's Original, Riesen and Toffifee.Oberwelland's great-grandfather August Storck founded the business in the Westphalia town of Werther in 1903. At the time, sweets were typically sold unpackaged and without branding. He packaged his individually and gave them snappy names.Today, Storck employs over 5,000 people and sells products in more than 100 countries.Oberwelland became the fourth generation of his family to lead the company, after his father, Klaus, retired on Storck's 100th anniversary in 2003.
In 1992, Klaus Oberwelland established the Stork Foundation to preserve endangered stork populations.The most successful new launch in 2017 for sweets was Stork's the Knoppers nut bar.
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