Reinhold Würth Net worth

Brief introduction

Reinhold businessman Würth initially built his large wealth with a screw trading company. After intensive expansion, it became an international market leader for assembly technology. He also appeared as a sponsor of art and lovers and was an honorary professor for entrepreneurship.

Youth

Born in Baden-Württemberg in 1935, his parents founded a wholesale business for screws after the war. Initially without employees, Reinhold Würth was withdrawn from school at the age of 14 and became a training participant and the first employee at the parent company. This is based in Künzelsau. The father died before he became an adult, so Reinhold Würth had to wait two years before he was 21 before he could take over the company’s management. Since then he has led the Württh company from regional players to global companies.

Career

Reinhold Würth achieved this by expanding more and more and expanding the reach of his company “Württh”. It was early enough to only buy a screw manufacturer as soon as the company that developed gave him a means to do it.

When he finally began to expand his trade abroad, the road to a global company had begun. The Württh group is now active in more than 80 countries, with more than 400 different companies. This resulted in annual sales of more than 10 billion euros, more than half of it was produced abroad. Initially only selling screws, the field of Württh Group activity is now very broad, but continues to focus on binding technology.

Reinhold Würth has not been part of operational management since 1994. From 1999 to 2003 he was the Head of the Institute for Entrepreneurship at the University of Karlsruhe.

If the assessment of his wealth is true, he is the richest German eleven a few years ago and the hundredth and richest people throughout the world. He has now donated his assets to the Württh Foundation. The company must continue to do it even after his death.

Since retiring from operational management, it has emerged mainly as a sponsor of art. On the one hand, he himself has a wide collection called Würth Collection. On the other hand, it promotes the art itself and the opportunity for ordinary people to contact them.

In 2003, for example, he bought Fürstlich Fürstenbergische Sammlung when he was in danger of being dissolved. In 2011, he paid 50 million euros for the painting “Darmstadt Madonna” from the beginning of the Renaissance. Like many other parts of the Württh collection, this was exhibited at Johannitekche at Schwäbisch Hall.

Reinhold Würth has been married to his wife Carmen since 1956. With he has three children. He has lived in the Hermersberg Castle with his wife since 1974. His defective son was kidnapped in 2015 and was then released without injury. The kidnapper has not been captured.

Reinhold Würth belongs to the new Apostolic Church. In 2008, he faced allegations of tax avoidance. However, this is about the procedure of internal clearing within his company, not his personal income. Würth approved the penalty order of 700 daily tariffs, which means that he was a criminal record. This is one of the reasons why he applied for Austrian citizenship in 2010, which he also received.

Career spotlight

It is possible that among the many awards received by Reinhold Würth, the Federal Cross of Merit given in 1985, which he counted among his spots. Or it was an extension of 1996 when he received a federal grade 1 cross. There were also many honorary doctors and citizenship, including the University of Palermo and the University of Louisville. Reinhold Würth is also the Knight of the Legion of Honor.

However, in general, it must be a fact that the small family business has turned into a global billions of dollars.

Famous quote

“Every company is a sociological structure and, such as living organisms, can become, becoming creatures and dies. I concluded that as long as the company is still developing, we cannot leave. That is why growth is very important. Standing still is a step back and the first step to the grave. But nothing will be buried alive and because our 75-year-old company is so fresh, vital and full of entrepreneurship, he will still have a bright future in front of him. “

“I already have two work life.”

“The company is my hobby, my electric train.”

Amazing facts

Reinhold Würth warned impressively and in public about the shift in society in the German Federal Republic. In particular, he named most AFD as a danger to the community.

He was sure that he could convince his employees with art. He is the first company in the world to install an art gallery in his company administration building.

In 1987 Reinhold Würth founded a foundation that also gave prestigious art prizes.

The Women’s World Cup tournament at Epee Fencing, which takes place every year in Tauberbischofsheim, has been named according to its name since 1987.

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