Name
Erwin Franz Mueller
Primary Residence
Ulm, Germany
Citizenship
Germany
Source Of Wealth
drugstores, Self Made
Net Worth
$3,300,000,000
Forbes Profile
Forbes 2019 Billionaires List Rank:
568
Forbes List Rank One: Title
#568 Billionaires 2019
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Summary
Erwin Franz Mueller owns an eponymous drugstore chain with over 750 stores across seven European countries.The business dates to 1953, when Mueller opened a hairdressing shop in his home in Ulm, Germany.It has maintained steady top-line growth despite a series of executive departures, reportedly in part due to disagreements with Mueller. In 2016, German authorities stopped court proceedings against Mueller involving him having concealed assets in Swiss private bank J. Safra Sarasin.Mueller sued the bank, and in 2017 a German court ruled that the bank had to pay him $50 million in compensation for incorrect investment advice.
Did you know?
Mueller is believed to own about $1.1 billion of real estate assets, including a house and a golf course in Mallorca.He married his second wife and former secretary, Anita, in 2006.
Age
86
Categories
Number of Children
1
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