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Michael Herz

Michael Herz

M. Herz
0.21% | + $16.94M
$8 B ₹ 72,767 Cr
Real Time Net Worth #445 Ranking as of 21 Feb 2026 By Forbes

More on Michael Herz

Gender

Male

Age

83Y

Country

Germany

Born On

January, 1943

Deceased

No

Relationship Status

Unknown

Children

Unknown

Education

Unknown

Designation Info :

Self-Made

No

Entrepreneur Type

Inherited

Primary Organization

Maxingvest AG

Titles

Co-Owner

Sources of Wealth

Tchibo, Beiersdorf

Industry

Retail, Coffee, Consumer Goods, Investments

About Michael Herz


M ichael Herz, along with his brother Wolfgang Herz, is a co-owner of Tchibo, a German retail and coffee giant. The company was co-founded by their father, Max Herz, and Carl Tchilinghiryan in 1949. Tchibo started as a mail-order coffee business and grew into one of Germany's largest retail chains. The company is famous for its unique business model: in addition to selling coffee in its cafes and in supermarkets, its stores also sell a weekly changing range of non-food items, from clothing and household goods to electronics.

After their father's death, Michael and his brother inherited the family business. They also control Beiersdorf AG, the German skincare giant famous for its Nivea brand, through their family's holding company, Maxingvest AG. While Wolfgang tends to be more of the public face, Michael has been a key figure in the family's business strategy for decades. The family is known for being extremely private, and their combined ownership of these two iconic German consumer brands makes them one of the wealthiest families in Germany.

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Quick Reads


  • Co-owner of the German coffee and retail chain Tchibo.
  • He shares ownership with his brother, Wolfgang Herz.
  • Their family's holding company, Maxingvest, also controls skincare giant Beiersdorf (Nivea).
  • Tchibo is known for selling both coffee and a weekly rotation of consumer goods.
  • The Herz family is famously private.

Early Life and Background


Michael Herz is a German businessman, the billionaire Co-owner and Executive of Maxingvest AG, the family holding company that controls Tchibo (coffee and retail) and Beiersdorf AG (ETR: BEI) (Nivea, Eucerin). His wealth is generational, tied to the industrial and retail empire founded by his family.

Herz's career is defined by generational stewardship and executive leadership in the retail, coffee, and consumer goods sectors. His structural role is tied to managing the family's assets across diverse sectors, focusing on long-term stability and brand preservation.

  • Maxingvest AG (Co-owner & Executive): The core private asset, the family holding company that controls Tchibo (coffee/retail) and Beiersdorf AG (Nivea, Eucerin).
  • Tchibo: The iconic German brand known for coffee and diversified non-food retail products (a unique business model).
  • Beiersdorf AG (Major Shareholder): The publicly traded consumer goods giant (the family holds a controlling stake via Maxingvest).
  • Family Governance: He and his sister, Daniela Herz-Schnoekel, control the massive private empire.

Career Journey of Michael Herz


Michael Herz's strategic leadership involves managing the continuous manufacturing and R&D for high-quality coffee and consumer goods within the Maxingvest empire. His structural contribution is immense: driving the successful diversification of the Tchibo brand into non-food retail and maintaining the family's controlling stake in Beiersdorf (a cornerstone of the German cosmetics and consumer goods sector).

His wealth is secured by the colossal, long-term, stable profitability of the global consumer staples and retail sectors.

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Michael Herz's Timeline


1980s (approx.):

Joins the family business executive structure (Corporate Entry).

Ongoing:

Michael Herz assumes an executive role (Executive Ascent).

Ongoing:

Continues as Co-owner and Executive, guiding the diversified conglomerate (Executive Oversight).

Major Business Ventures and Investments


Michael Herz's wealth is concentrated in his family's controlling stake and executive leadership of the private holding company, Maxingvest AG (controlling Tchibo and Beiersdorf).

  • Maxingvest AG (Co-owner & Executive): The core private asset, the family holding company that controls Tchibo (coffee/retail) and Beiersdorf AG (Nivea, Eucerin).
  • Tchibo: The iconic German brand known for coffee and diversified non-food retail products (a unique business model).
  • Beiersdorf AG (Major Shareholder): The publicly traded consumer goods giant (the family holds a controlling stake via Maxingvest).
  • Family Governance: He and his sister, Daniela Herz-Schnoekel, control the massive private empire.

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Philanthropy and Social Impact


Michael Herz's social impact is structural, stemming from Tchibo's and Beiersdorf's role as massive global employers and foundational providers of essential consumer goods (coffee, cosmetics, hygiene products). His companies contribute significantly to global consumer welfare. His personal philanthropy supports various community and educational initiatives.

His structural contribution is tied to the successful generational transition and stable private control of a critical German industrial and retail asset.

Fashion, Style, and Lifestyle


Michael Herz maintains the professional, composed style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and stability, typical of a leader in the global consumer goods sector.

Residing in Hamburg, Germany, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to corporate governance, brand management, and the long-term stewardship of the Tchibo and Beiersdorf empires.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is a Co-owner of Maxingvest AG, which controls Tchibo (coffee/retail) and Beiersdorf AG (Nivea).
  • Tchibo is famous for its diversified product line (selling non-food items alongside coffee).
  • His family controls a majority stake in Beiersdorf AG (publicly traded).
  • His sister, Daniela Herz-Schnoekel, is a key co-owner.
  • His fortune is tied to the successful generational management of essential consumer brands.
  • He holds an estimated net worth in the billions of dollars (2025 estimate).
  • His philosophy emphasizes long-term asset hold and brand preservation.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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