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Wolfgang Leitner

Wolfgang Leitner

W. Leitner
0.21% | + $8.13M
$3.84 B ₹ 34,927 Cr
Real Time Net Worth #1111 Ranking as of 21 Feb 2026 By Forbes

More on Wolfgang Leitner

Gender

Male

Age

72Y

Country

Austria

Born On

March, 1953

Deceased

No

Relationship Status

Married

Children

2

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Manufacturing)

Primary Organization

Andritz Group

Titles

President & CEO

Sources of Wealth

Andritz Group

Industry

Manufacturing, Industrial Machinery, Engineering, Investments

About Wolfgang Leitner


W olfgang Leitner is an Austrian billionaire who built his fortune in the industrial technology and engineering sectors. He is the president and CEO of the Andritz Group, a major global supplier of plants, equipment, and services for a variety of industries, including hydropower stations, the pulp and paper industry, and the metalworking industry. He began his career at Andritz and later left to become a consultant. He returned to the company in the 1990s, leading a management buyout to take control of the firm.

As the leader and largest shareholder, he has transformed Andritz from a successful Austrian company into a major global industrial technology powerhouse through a strategy of international expansion and acquisitions. He has also diversified his family's wealth by taking a significant stake in the Malaysian rubber glove manufacturer, Kossan Rubber Industries. His successful career as a hands-on industrialist has made him one of the wealthiest individuals in Austria.

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Quick Reads


  • President and CEO of the Austrian industrial technology firm Andritz Group.
  • He is the company's largest shareholder.
  • Led a management buyout of the company in the 1990s.
  • Andritz is a major global supplier of equipment for hydropower plants and the paper industry.
  • Also holds a large stake in the Malaysian rubber glove maker Kossan.

Early Life and Background


Wolfgang Leitner is an Austrian businessman, the self-made billionaire Founder and Executive of Andritz AG (VIE: ANDR), a major global provider of industrial plants, equipment, and services (specializing in hydropower, pulp & paper, and metals). His career is rooted in mechanical engineering, industrial management, and entrepreneurial audacity.

Leitner holds a Ph.D. in Mechanical Engineering from Graz University of Technology. His philosophical approach centers on scale, technological excellence, and long-term commitment to industrial diversification. He led the management buyout of Andritz in 1987, transforming the former state-owned enterprise into a private global giant.

  • Andritz AG (Founder & Former CEO): The core publicly traded asset, a major global provider of industrial plants and services (specializing in hydropower, pulp & paper, and metals).
  • Industrial Pioneer: His success is built on scale manufacturing and vertical integration and dominating the domestic and international market for specialized industrial equipment.
  • Academic Background: He holds a Ph.D. in Mechanical Engineering.
  • Investment Strategy: His philosophy is rooted in long-term investment in industrial assets and R&D and leveraging the massive global growth of industrial modernization.

Career Journey of Wolfgang Leitner


Dr. Wolfgang Leitner's strategic genius was his commitment to high-capital industrial efficiency. He led the management buyout of Andritz in 1987, successfully building it into a global force by pioneering the integrated plant and equipment service model. His structural contribution is immense: pioneering the modernization and scale of specialized industrial plant manufacturing globally. The company successfully executed its IPO on the Vienna Stock Exchange (VIE).

He stepped down as CEO (remaining a major shareholder) to focus on governance and long-term strategy. His wealth is secured by the colossal, long-term, stable profitability of the global industrial engineering and manufacturing sectors.

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Wolfgang Leitner's Timeline


1987:

Leads the management buyout of Andritz (Founding/Pivotal Event).

2001 (June):

Andritz executes its successful IPO on the Vienna Stock Exchange (VIE) (Financial Milestone).

2021:

Steps down as CEO, remaining a major shareholder (Executive Transition).

Ongoing:

Continues as Founder and major shareholder, guiding the global industrial giant (Executive Oversight).

Major Business Ventures and Investments


Wolfgang Leitner's wealth is concentrated in his founding equity and retained stake in the publicly traded industrial giant, Andritz AG (VIE: ANDR), and his private investments.

  • Andritz AG (Founder & Former CEO): The core publicly traded asset, a major global provider of industrial plants and services.
  • Industrial Pioneer: His success is built on scale manufacturing and vertical integration and dominating the domestic and international market for specialized industrial equipment.
  • Academic Background: He holds a Ph.D. in Mechanical Engineering.
  • Investment Strategy: His philosophy is rooted in long-term investment in industrial assets and R&D and leveraging the massive global growth of industrial modernization.

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Philanthropy and Social Impact


Wolfgang Leitner's social impact stems from Andritz AG's role in providing essential industrial equipment for global hydropower, resource processing, and manufacturing sectors. The company contributes significantly to industrial output and technological capacity worldwide. His personal philanthropy supports various educational and community initiatives, often focused on science, engineering, and cultural development in Austria.

His personal philanthropy supports various community and educational initiatives.

Fashion, Style, and Lifestyle


Wolfgang Leitner 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 intellectual depth, typical of a leader in the global industrial sector.

Residing in Graz, Austria, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to corporate governance, strategic investment, and industrial scale.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the Founder of Andritz AG, a global leader in industrial plants and equipment (hydropower, pulp & paper).
  • He holds a Ph.D. in Mechanical Engineering.
  • He led the management buyout of the state-owned enterprise in 1987.
  • His fortune is tied to the successful monetization and scale of specialized industrial manufacturing.
  • His philosophy emphasizes technological excellence and long-term industrial R&D.

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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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