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Dieter Schwarz born 24 September, 1939 is a German entrepreneur and owner of the Schwarz-Gruppe. He is the chairman and CEO of the supermarket chain Lidl and the hypermarket chain Kaufland. As of February 2014, he is ranked as 23rd richest person in the world in the Hurun Report Global Rich List. He is also regarded as “The Richest Man in Germany.” According for Forbes, Dieter’s net worth is estimated at $22.9 billion as of June 2019
Dieter Schwarz’s father was a businessman who founded the company, the Schwarz Group, or Schwarz and Lidl to be exact.Retail marketing in Germany was a sector that was slowly picking up and Schwarz with his knack of reading the market very efficiently as well as smartly, was able to get the best deals in terms of making his company grow. He knew that if he had to create an empire, he would have to do it on his own. So, he purchased the naming rights from the other partner of the empire, Lidl and began growing his empire under his own name.
It was his astute decision making and general awareness that reaffirmed the fact that Schwarz was one of the giants in terms of retail marketing not only in Germany, but Europe as well.
After an amazing run at the top, which also saw him purchase and own the Kaufland chain of hypermarkets, Schwarz decided to sell Lidl’s stake in the company to a charitable foundation, which saw him drop out of the list of richest men in Germany.
However, he converted the Dieter Schwarz Foundation into a charitable purpose and not a foundation, another smart decision which meant that he had full control over the shares of the company and could sell them at any point that he wished. It was this sort of excellent decision making that enabled the Dieter Schwarz Foundation to make it to the top. Building on the work of his father, he was able to convert the business into something of an empire before riding off into the sunset.
In 2009 he was estimated to be worth 10 billion euro. As of October 2012, he was estimated to be worth 12 billion euro and increase from 11.5 billion euro in 2011. As of October 2012, the Bloomberg Billionaires Index lists Schwarz as the 29th richest person in the world with an estimated net worth of US$20.2 billion. In 2013, he was estimated be worth €19.6 billion, and ranked the 24th richest person in the world. As of February 2014, he is ranked as 23rd richest person in the world in the Hurun Report Global Rich List.