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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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.
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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Joins the family business executive structure (Corporate Entry).
Michael Herz assumes an executive role (Executive Ascent).
Continues as Co-owner and Executive, guiding the diversified conglomerate (Executive Oversight).
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).
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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.
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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+0.14% | +$26.47M
0% | $0.00M
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