Name
Paul Gauselmann
Paul Gauselmann
Espelkamp, Germany
Germany
gambling, Self Made
$4,000,000,000
478
#478 Billionaires 2019
Paul Gauselmann has been called the "pope of the amusement business" in Germany. He began his career in 1957 working as an apprentice telecommunications inspector and mounted jukeboxes in his spare time.In 1964 he founded the company that turned into Gauselmann Group. He opened the first Merkur amusement arcade in 1974. Today, Gauselmann Group has annual revenue of around $2.3 billion and employs more than 10,000 people. The company produces both AWP (amusement with prize) and SWP (skill with prize) machines and operates arcades throughout Europe.
For his 65th birthday in 1999, Gauselmann created the Gauselmann Family Foundation operating in youth welfare and work for the elderly.Son Armin is a member of the management team and son Karsten is a member of the board of Gauselmann Group.
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