G eorg Haub is a German-American billionaire and an heir to the Tengelmann Group fortune, a massive German family-owned retail and investment conglomerate. The company was built into a retail giant by his late father, Erivan Haub. Tengelmann's holdings have included major supermarket chains and the OBI home improvement store chain. The family also owns a significant stake in the discount retailer, Aldi Nord.
After a period of family dispute following the mysterious disappearance of his older brother, Karl-Erivan, the family's assets were restructured. Georg and his brother Christian now run the family's businesses. Georg focuses on managing the family's extensive U.S. real estate portfolio and other American assets through his firm, the Haub School of Business. He has spent most of his professional life in the United States and has become a U.S. citizen.
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Georg Haub is a German businessman and billionaire heir whose wealth is rooted in the Tengelmann Group, one of Germany's largest privately held retail and investment conglomerates. The family empire began with a shop opened in Mülheim an der Ruhr in 1876.
Georg is one of the three sons of the late patriarch, Erivan Haub (d. 2018). His career is one of generational stewardship, focusing on managing his substantial 31.33 percent stake in the privately held Tengelmann Group. The family's wealth is secured by the group's successful diversification into home-improvement (OBI), discount retail (KiK), and online retail (babymarkt.de).
Georg Haub's career within the Tengelmann Group was shaped by tragedy and subsequent succession challenges. He and his brothers, Karl-Erivan and Christian Haub, took over as co-CEOs in 2000. However, his oldest brother, Karl-Erivan, went missing while on a ski tour in 2018 and was declared dead in 2021. This event led to a major internal power shift and succession change.
With Karl-Erivan presumed dead, Georg's younger brother, Christian Haub, took over as sole CEO (after overseeing the U.S. venture portfolio). Georg continues to hold his substantial 31.33 percent stake in the group, ensuring the family's long-term control. The family's structural financial focus is on investment in startups, energy services, and real estate development, leveraging the profits from their core retail assets.
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Assumes role as co-CEO with his brother Karl-Erivan (Executive Ascent).
His brother Karl-Erivan goes missing (Pivotal Crisis).
Karl-Erivan is declared dead; his brother Christian Haub takes over as sole CEO (Succession).
Continues as a major family shareholder (holding 31.33 percent), guiding the long-term private management of the multi-billion euro fortune (Executive Oversight).
Georg Haub's wealth is concentrated in his family's controlling stake in the private diversified conglomerate, Tengelmann Group.
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Georg Haub's social impact is structural, stemming from the Tengelmann Group's role as a massive European employer and provider of low-cost essential goods (KiK, OBI). The company is a pillar of the German retail economy. His family's foundation supports various educational and community initiatives.
His family has strong ties to Tacoma, Washington, where they are major contributors to local cultural and educational institutions (e.g., UW-Tacoma, Museum of Glass), continuing the legacy of his father, Erivan Haub.
Georg Haub maintains the professional, composed style of a German industrial heir. His attire is consistently formal and high-quality, favoring tailored business suits. His aesthetic is one of stability and quiet, established authority, reflecting the family's deep commitment to privacy.
Residing in Berlin, Germany, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to the stewardship of his family's long-term retail and industrial legacy, navigating complex generational and corporate transitions.
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+0% | +$1.12M
-1.93% | -$111.69M
This profile is compiled from verified biographical and financial records:
All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.
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