Walter P.J. Droege
Dusseldorf, Germany
Germany
consulting, Self Made
$10,000,000,000
136
#137 Billionaires 2019
Walter P.J. Droege and wife Hedda im Brahm-Droege founded Droege Group in 1988. It is one of the world's largest advisory and investment practices.Droege Group has a hybrid business model, providing expertise to consulting clients and making "buy-and-build" investments, which is now its focus.By providing capital, management resources and "value-add" know-how, it follows an "Entrepreneurship-as-a-Service" principle in engaging with clients.In 2018, Ernest-W. Droege, the couple's eldest son, joined the management board and succeeded his father as CEO. Droege Group is active in 30 countries and generates around $12 billion in annual revenue.
Walter, who remains on the board of directors, owns 78% of the group. Hedda is vice-chairwoman of the supervisory board and holds 12%.They're avid collectors of contemporary art and exhibit pieces by world-renowned artists like Gerhard Richter in their offices.
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