Misplaced Pages

Dieter Schwarz

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
#993006

18-620: Dieter Schwarz (born 24 September 1939) is a German billionaire businessman, and owner of the Schwarz-Gruppe . He is the former chairman and CEO of the supermarket chain Lidl , and the hypermarket chain Kaufland . In 1973, Dieter Schwarz joined the "Lidl & Schwarz KG" business of his father Josef Schwarz and opened the company's first discount supermarket, inspired by Karl and Theo Albrecht . After his father died in 1977, he took control of

36-412: A billionaire. The top 10 universities produced just 99 of the top 400 billionaires combined, significantly less than the total number of billionaires who were not college educated. Military service produced 21 billionaires, more than any single university. Very few college-educated billionaires pursued business interests in their field of study, with the exception of computer science majors. All twelve of

54-561: A net worth of at least $ 100 billion. According to the UBS/PwC Billionaires Report 2019 report released in November 2019, there are currently 2,101 U.S. dollar billionaires worldwide, from 66 countries, with a combined net worth of $ 8.5 trillion. Also according to the report, billionaires have a substantial positive impact on the sustainability and success of companies controlled by them. Billionaire-controlled companies listed on

72-404: A result of death or divorce, including Julia Koch , and Jeff Bezos 's former wife MacKenzie Scott . From 2014 to 2019, the number of female billionaires grew by 46%. That is more than the number of male billionaires in the same period (39%). As of 2019 there were 233 female billionaires in the world, compared to 160 in 2013. Billionaires come from a very wide number of backgrounds. A review of

90-558: Is ranked #37 with a net worth of $ 38 Billion. In 1963, Schwarz married Franziska Weipert. They live in Heilbronn and have two daughters, Regine and Monika. He was strongly influenced by his membership in the Protestant free church community . Schwarz is known to be very protective of his privacy, to an extent that no media recordings of Schwarz exist, and he refuses any kind of interview. Meanwhile, just three photos of him are known to exist in

108-631: The global population of 400 million. In the same period, the wealth of the richest 62 people between the World's Billionaires increased by $ 500bn (£350bn) to $ 1.76tn. More recently, in 2017 an Oxfam report noted that just eight billionaires have as much net worth as "half the human race". However, the Oxfam report has been criticized for considering debt as negative wealth, which leads to wealthy people with large amounts of debt to be considered poor or not wealthy. These aggregated statistics for billionaires include

126-559: The age of 40, while the list of American-only billionaires, as of 2010, had an average age of 66. Different authorities use different methodologies to determine net worth and to rank them, and not all information about personal finances is publicly available. In 2019, Forbes counted a record 607 billionaires in the U.S.. Over the course of the 2020s, depending on the source and the year, the world's richest person has been reckoned to be Jeff Bezos , Bernard Arnault and family, or Elon Musk . In 2019, 19 people became billionaires. Four were

144-421: The computer science major billionaires worked in computer science, while only half of engineers worked in engineering, and less than a quarter of finance and economics majors ever worked in finance or economics. The most common field for billionaires to enter was sales and military service. According to a 2016 Oxfam report, the wealth of the poorest 95% dropped by 38% between 2010 and 2015, due to an increase in

162-454: The discount chain. He became CEO and expanded the business outside of Germany. Soon afterwards, Schwarz bought the naming rights for Lidl from an unrelated person named Ludwig Lidl, a former schoolteacher, in order to side-step a legal battle with the co-owner A. Lidl. In 2009, he was estimated to be worth 10 billion euro. As of October 2012, he was estimated to be worth 12 billion euro, an increase from 11.5 billion euro in 2011. In 2013, he

180-434: The education and work histories of the top 400 billionaires shows little correlation between education and success. Nearly 30% of billionaires do not have a college degree, greatly exceeding any other educational background. The most common field of university education was finance and economics, which only contributed to a combined 15.5% of billionaire educations. There is little correlation between any university and becoming

198-671: The equity market returned 17.8 percent, compared with the 9.1 percent of the MSCI AC World Index . According to the authors of the report, this Billionaire Effect is connected with smart risk-taking and willingness to plan and invest for the long term. The majority of billionaires are male, as fewer than 11% (197 of 1,826) on the 2015 list were female billionaires . The United States has the largest number of billionaires of any country, with 536 as of 2015 , while China , India and Russia are home to 213, 90 and 88 billionaires, respectively. As of 2015 , only 46 billionaires were under

SECTION 10

#1732844769994

216-667: The index excludes stocks from emerging and frontier economies, it is less worldwide than the name suggests. A related index, the MSCI All Country World Index (ACWI), incorporated both developed and emerging countries. MSCI also produces a Frontier Markets index, including another 31 markets. The MSCI World Index has been calculated since 1969, in various forms : without dividends (Price Index), with net or with gross dividends reinvested (Net and Gross Index), in US dollars , Euro and local currencies. The index includes companies in

234-411: The performance of around 1500 large and mid-cap companies across 23 developed countries. It is maintained by MSCI , formerly Morgan Stanley Capital International, and is used as a common benchmark for global stock funds intended to represent a broad cross-section of global markets. The index includes a collection of stocks of all the developed markets in the world, as defined by MSCI. But because

252-623: The press or in the image search of Google. Billionaire A billionaire is a person with a net worth of at least one billion units of a given currency , usually of a major currency such as the United States dollar , euro , or pound sterling . It is a sub-category of the concept of the ultra high-net-worth individual . The American business magazine Forbes produces a global list of known U.S. dollar billionaires every year and updates an internet version of this list in real time. The American oil magnate John D. Rockefeller became

270-507: The tax-exempt Dieter Schwarz Foundation ( gGmbH , limited liability company with a charitable purpose), when he transferred his shares in Lidl and Kaufland into it, deciding just how much of his profits go into the foundation. The Dieter Schwarz Foundation supports education and daycare facilities for children, for example, as well as science and research projects. As per Forbes list of The Richest People In The World, dated 8 March 2024, Dieter Schwarz

288-498: The total number of known billionaires and the net worth of the world's wealthiest individual for each year since 2008. Data for each year is from the annual Forbes list of billionaires, with currency figures given in U.S. dollars. Data since 2018 also includes the Wealth-X billionaire census which typically finds higher numbers than Forbes . MSCI World The MSCI World is a widely followed global stock market index that tracks

306-454: The world's first confirmed U.S. dollar billionaire in 1916. As of April 2024, there are 2,781 billionaires worldwide, with a combined wealth of over US$ 14.2 trillion, up from US$ 12.2   trillion in 2023. According to a 2024 Oxfam report, the world's top 1% of earners own more combined wealth "than 95% of humanity". As of October 2024, seventeen people have reached the status of USD centibillionaires, meaning that each has had

324-527: Was estimated be worth €19.6 billion, and ranked the 24th richest person in the world. As of February 2014, he was ranked as 23rd richest person in the world in the Hurun Report Global Rich List. In 2023, Forbes listed Schwarz as the wealthiest man in Germany and the 25th richest person in the world with an estimated net worth of US$ 47.2 billion. Since 1999, Schwarz manages his resources through

#993006