Horst Julius Pudwill
Hong Kong, Hong Kong
Master of Science in Engineering, Technical College in Flensburg
Germany
manufacturing, Self Made
$3,300,000,000
877
#877 Billionaires 2019
#32 Hong Kong's 50 Richest 2019
Horst Julius Pudwill is the cofounder and chairman of Techtronic Industries, a Hong Kong-based manufacturer of power tools and floor-care products. The company produces the iconic vacuum cleaner Hoover, which many people use as a verb (such as in the phrase "hoover the carpet").Pudwill was an engineer at Volkswagen in Germany before transferring to Hong Kong in the mid-1970s to become a general manager. Techtronic started in 1978 and today it is one of the world's largest makers of power tools and equipment.He continues to oversee Techtronic's operations alongside his heir and only child, Stephan, as well as the company's chief executive, Joseph Galli.
His first two decades in business paralleled many other Greater China entrepreneurs' careers - lining up and eventually manufacturing supplies for Western brands.
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