CEO Today Top 50 – Dieter Schwarz
CEO Top 50
Name: Dieter Schwarz
Net worth: $21.6 billion
Bio: Dieter Schwarz took control of the Shwarz & Lidl discount chain after the death of his father, Josef Schwarz, in 1977. He bought the naming rights from co-owner and former schoolteacher Ludwig Lidl soon after. To this day, he is the Chairman and CEO of the supermarket chain Lidl, as well as the hypermarket chain Kaufland.
Schwarz Group was founded by Josef Schwarz in 1930 with annual revenue exceeding $90 billion and is comprised of the Lidl and Kaufland store chains.
Dieter is currently among the richest people in Germany, including fellow billionaires Georg Schaeffler and Susanne Klatten. As of 2017, he is ranked the 25th richest person in the world in the Hurun Report Global Rich List.