Name
Wolfgang Reimann
Primary Residence
Passau, Germany
Citizenship
Germany
Source Of Wealth
consumer goods
Net Worth
$3,600,000,000
Forbes Profile
Forbes 2019 Billionaires List Rank:
568
Forbes List Rank One: Title
#568 Billionaires 2019
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Summary
Wolfgang Reimann and three of his siblings share ownership in the Luxembourg-based investment firm JAB Holding Company s.à.r.l (JAB).The brands associated with the Reimann fortune include Calvin Klein fragrances, Peet's Coffee, Krispy Kreme donuts and Panera Bread.Wolfgang is a grandson of chemist Ludwig Reimann, who, in 1828, joined with Johann Adam Benckiser and his namesake chemical company.JAB still holds 7.9% of multinational hygiene and home products giant Reckitt Benckiser.Although it still has a controlling stake in Bally, JAB has been shifting its holdings away from luxury fashion brands in favor of coffee and food.
Did you know?
Upon the death of their father in 1984, Wolfgang and eight other heirs each inherited 11.1% of JAB; five of them subsequently divested their stakes.While neither Wolfgang nor the other co-owners of JAB are active in management, all are reportedly, in keeping with the family background, trained chemists.
Age
66
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