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# 356 Andre Hoffmann $6.78B

Random fact: Hoffmann’s heirs control at least half of Roche’s voting rights


Hoffmann has a 1.5% interest in Roche Holding, the world's fifth-largest drugmaker. The Basel, Switzerland-based company is a manufacturer of oncology medications, including leukemia treatment Rituxan and breast cancer drug Avastin. It reported revenue of 62.8 billion Swiss francs ($68.7 billion) in 2021.

As of :
Last change -$15.2M ( -0.2%)
YTD change -$140M ( -2.0%)
Biggest asset RO SW Equity
Country / Region Switzerland
Age 64
Industry Health Care
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Andre Hoffmann's net worth of $6.78B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

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Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

Andre Hoffmann's fortune is derived from a 1.5% stake in publicly traded drugmaker Roche Holding. Hoffmann holds his stake in bearer shares that bestow voting rights on the holder. Roche is the world's fifth-largest pharmaceutical company based on 2021 sales, according to the Pharmaceutical Executive website.

Hoffmann controls the shares along with the other living descendants of Fritz Hoffmann who founded Roche forerunner, F. Hoffmann-La Roche & Co. in 1896. Through a family voting pool that includes eight shareholders, the family controls 72 million Roche shares, giving them 45% voting control of the company and a 8.3% equity interest, according to the company's website. Hoffmann's father Lukas, who left the voting pool in 2004, died in July 2016. His holding has been split evenly among the three children identified as belonging to the family pool because the exact breakdown is unknown.

Andre's cousin Beatrice Oeri sold her shares in Roche back to the family and exited the pool in 2009. Two years later, another cousin, Maja Oeri, broke from the pool, while continuing to hold onto her shares. That year Roche disclosed her individual holdings, 8.1 million shares, which represents 0.9% of the company's equity and 5% of its voting rights. Andre Hoffmann's holdings are calculated on the basis of these disclosures, as well as an analysis of the holdings back to 2000, when some of the family's individual stakes were disclosed.

His cash holdings are valued based on an analysis of dividends, market performance, insider transactions, taxes and charitable contributions.

Andre Hoffmann declined to comment on his net worth.


Family: Unknown, No children

Andre Hoffmann was born in 1958 and is the great-grandson of Fritz Hoffmann who in 1896 founded the forebear of drugmaker Roche Holding, the world's third largest pharmaceutical company. Together with other family members he retains voting control over the Swiss company that today employs more than 90,000 people working across 100 countries.

Notable acquisitions by the medical firm include the purchase of Corange in 1998, a Bermuda-based holding company that owned Mannheim, Germany-based drug and diagnostics company Boehringer Mannheim for $10.2 billion dollars in cash. That transaction solidified the fortune of Germany's Engelhorn family, including Curt Engelhorn, who was Boehringer's CEO for 37 years. Roche completed the purchase of San Francisco-based biotech Genentech Inc., for $46.8 billion in 2009.

Since 1996 Andreas Hoffmann has been a non-executive board member of Roche as well as vice president of conservation organization World Wildlife Fund that his father Lukas Hoffmann helped establish.

  • 1958 Andre Hoffmann is born in Switzerland.
  • 1988 Joins orthopedic surgery practice in Basel where he still practices.
  • 1989 The present-day form of the company, Roche Holding, is founded.
  • 1999 Roche pleads guilty to vitamin price fixing in the U.S. and is fined.
  • 1999 Family patriarch -- and classical music patron -- Paul Sacher dies.
  • 2000 Roche buys the 44 percent of Genentech it does not own for $46.8 billion.
  • 2009 Cousin Beatrice sells her Roche shares back to the family voting pool.
  • 2011 Cousin Maja exits voting pool to exercise voting rights independently.