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Dieter Schwarz
  • Net Worth : $45 Billion
    0.00%
    Real Time Net Worth as of 2024/02/27
  • Wealth Source : Retail
  • Industry : Fashion & Retail
  • Date of Birth : 1939/09/23
  • Age : 84
  • Gender : Male
  • Citizenship : Germany

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Dieter Schwarz
  • Net Worth : $45 Billion
    0.00%
  • Wealth Source : Retail
  • Industry : Fashion & Retail
  • Date of Birth : 1939/09/23
  • Age : 84
  • Gender : Male
  • Citizenship : Germany

Dieter Schwarz Net Worth 2024

Year Net Worth

Dieter Schwarz’s net worth ranks him as the 27th real-time billionaire of our time and the 47th richest person globally. This 84-year-old philanthropist, German businessman, and father of two daughters owns the Schwarz Gruppe, one of Europe’s largest grocery retailers.

Dieter Schwarz’s net worth is estimated to be $47 billion. He owns the German-based company Schwarz Gruppe, a food retailer that controls the Lidl and Kaufland supermarket chains.

With over $162 billion in revenue, the Schwarz Gruppe is one of Europe’s largest food retailers. Schwarz manages his resources through the tax-exempt Dieter Schwarz Foundation, a charity that supports children’s education and daycare facilities.

The Schwarz Gruppe is the primary source of Schwarz’s success and substantial net worth. In this article, you’ll find out who Dieter Schwarz is, his businesses, and how he amassed his wealth.

Who is Dieter Schwarz?

Dieter Schwarz was born on the 24th of September, 1938, in Heilbronn, Germany, to Joseph Schwarz and his wife. He is married to Franziska Weipert and lives with their two daughters in Heilbronn.

Schwarz is a private person and is notorious for refusing interviews. He can escape the media, and that’s why there’s little information about him in circulation to date.

In 1973, he joined his father’s business, “Lidl & Schwarz KG,” after completing his high school education. He then opened the company’s first discount supermarket.

After his father died in 1977, he took over the family business, expanded it beyond Germany, gave it a global presence, and finally bought the naming rights to the Lidl company.

Beyond Schwarz Gruppe, Schwarz runs a charitable foundation where he runs his resources and is known as the Dieter Schwarz Foundation.

This tax-exempt foundation supports education, provides daycare facilities for children, and supports science and research projects.

dieter schwarz net worth - comparewise

What is Dieter Schwarz’s net worth?

Understanding the net worth of successful individuals, especially those with solid footing and standing in the world’s economy, can give you a standard for measuring achievements.

Take Dieter Schwarz, for example; he owns Europe’s largest food retail company and has accumulated an estimated $47 billion in net worth.

You can calculate Dieter Schwarz’s net worth by finding the difference between the sum total of all his assets and his liabilities. The exact value of his total assets or liabilities is unknown as a private individual.

However, you can use this formula to calculate yours:

Net Worth = Total Assets – Total Liabilities

Where assets can be:

  • Real Estate
  • Cash and Bank Account Balances
  • Bonds and Stocks
  • Personal properties
  • All forms of investments

And liabilities can be:

  • All forms of Loans, payable bonds and lease
  • Mortgages
  • Taxes owed or due

Our net worth calculator can speed up the process for you.

Conclusion

Dieter Schwarz’s net worth is estimated to be $47 billion. This vast sum comes from his retail business, Schwarz Gruppe. This German business mogul uses the expansion strategy to spread his business globally, giving it the recognition it deserves.

As an entrepreneur, you can follow his example and expand your business to give it the credit it desperately seeks.

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FAQs about Dieter Schwarz net worth

How much is the Schwarz Group worth?

The Schwarz Group is Europe’s largest retail empire. It comprises the Lidl and Kaufland discount supermarket chains and is worth over $162 billion (152 billion euros) with over 500,000 employees. 

How did Dieter Schwarz make his money?

The primary source of Dieter Schwarz's money comes from the Schwarz Group, a family business he inherited from his father, Joseph Schwarz, in 1977. He has since shown his ability as a business mogul by expanding the company beyond the shores of Europe. This expansion gave him global recognition as the 47th real-time billionaire and the 27th richest man globally.

How rich is Lidl?

Lidl is a privately held retail company and a multinational discount supermarket owned by the Schwarz Group, under the control and management of its CEO, Dieter Schwarz. This company is worth $136 billion (€114.8 billion) and has over 360,000 employees.

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December 28, 2023
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