Name
Clemens Toennies
Clemens Toennies
Rheda-Wiedenbrück, Germany
Germany
meat processing, Self Made
$1,700,000,000
1349
#1349 Billionaires 2019
Clemens Toennies owns 50% of German food industry giant Toennies Lebensmittel, with annual revenue of around $8 billion.Operating meat, convenience, ingredients and logistics divisions, the company specializes in pig, sow and beef cattle slaughtering and processing.Clemens attended butchery college and, in 1971, cofounded the company with his brother, Bernd. Bernd died in 1994, at age 42. His son, Robert, now owns 50% of the business.Toennies Lebensmittel employs more than 16,500 people in facilities in Germany and Denmark.
Clemens presides over pro soccer team FC Schalke 04, based in Gelsenkirchen. It plays in the top tier of the German league system.Clemens fought in court with his nephew Robert for several years. In 2017, they settled their dispute over ownership of stakes in the company.
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