Bloomberg Billionaires Index

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# 89 Hasso Plattner $15.0B

Random fact: Avid golfer owns two courses and a practice hole at his home.

Overview

Plattner is a co-founder of SAP, the world's largest provider of enterprise application software. He owns 6.5% of the Walldorf, Germany-based company, which had revenue of 24.7 billion euros ($29.2 billion) in 2018. He also owns the Fancourt Estate and CordeValle golf resorts, and the San Jose Sharks hockey team.

As of :
Last change +$146M ( +1.0%)
YTD change +$3.09B ( +25.9%)
Industry Technology
Biggest asset SAP GY Equity
Citizenship Germany
Age 75
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Hasso Plattner's net worth of $15.0B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

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

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Plattner's fortune is derived from his stake in SAP, the world's largest provider of enterprise application software, according to its website. The billionaire holds 6.2% of the Walldorf, Germany-based company, according to its 2018 annual report.

Plattner has collected more than 3.9 billion euros ($4.4 billion) from share sales through December 2018, according to company filings and an analysis of Bloomberg data. The value of his cash investments is based on these proceeds as well as dividends, charitable contributions, taxes and market performance.

The value of Fancourt Estate is based on the 1994 acquisition price and subsequent development costs, according to an Oct. 3, 2010 news report in South Africa's Times Live.

Christiane Rosenbach, a spokesperson at the Hasso Plattner Institute, didn't respond to a request for comment on the net worth calculation.

Biography

Birthdate: 1/21/1944
Family: Separated, 2 children
Education: Technical University of Karlsruhe

Born in 1944, Plattner spent his earliest years in war-torn Berlin. The son of an eye surgeon, he was sent to boarding school in Bavaria at the age of 15, after the divorce of his mother and father. Following in the footsteps of his grandfather, Plattner studied engineering and after graduating from the Technical University of Karlsruhe took a job as a salesman with IBM in Mannheim.

He quit IBM in 1972 and along with four other IBM defectors co-founded SAP the same year. The group was motivated in part by their former employer's rejection of their suggestion to create financial software packages for businesses. Together, they built Walldorf, Germany-based SAP into the world's largest manufacturer of business management software.

The billionaire served as one of the company's two chief executives until 2003, when he stepped aside to become chief software adviser and chairman of the supervisory board.

Plattner is divorced, has two children and lives in Potsdam, Germany.

Milestones
  • 1944 Hasso Plattner is born in Berlin, Germany.
  • 1968 After graduation, starts career at IBM.
  • 1972 Along with four ex-IBM colleagues, founds SAP.
  • 1988 SAP becomes a publicly traded company.
  • 1994 Purchases South African golf resort, Fancourt Estate.
  • 2003 Steps down as co-CEO; becomes chairman of supervisory board.
  • 2005 Donates $35 million to Hasso Plattner Institute of Design at Stanford.
  • 2015 Hasso Plattner Ventures becomes main investment vehicle for the billionaire.