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# 192 Heinrich Deichmann $8.41B

Random fact: Grandfather opened a cobblers shop with his wife Julie in 1913.

Overview

Deichmann is the chairman and chief executive officer of Deichmann Group, Europe's largest shoe retailer. The Essen, Germany-based company has more than 4,000 stores across Europe and the U.S. It sold almost 178 million pairs of shoes in 2018 and reported net revenue of 5 billion euros ($5.9 billion) for the year.

As of :
Last change +$128M ( +1.6%)
YTD change +$2.26B ( +36.7%)
Industry Retail
Biggest asset Deichmann Group
Citizenship Germany
Age 57
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Heinrich Deichmann's net worth of $8.41B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
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:

Deichmann's fortune is derived from his control of the Deichmann Group. The Essen, Germany-based company sold about 178 million pairs of shoes, had more than 4,000 stores and reported net revenue of 5 billion euros ($5.9 billion) in 2018, according to its website. The family owned company is the largest shoe retailer in Europe, according to its website.

The billionaire inherited control of the business when his father, Heinz-Horst Deichmann, died in October 2014, and he's credited with full ownership of the company in this analysis to reflect his status as chairman.

The company is valued using net revenue -- sales after the deduction of returns -- for 2018 and the average enterprise value-to-sales multiples of four publicly traded peer companies: Adidas, Asics, Steven Madden and Skechers U.S.A.

No cash or investable assets are included in the calculation because of a lack of information on dividends paid by the closely held business.

Ulrich Effing, a spokesperson for Deichmann Group, declined to comment on the net wealth calculation.

Biography

Birthdate: 1/1/1962
Family: Married, 2 children
Education: University of Cologne

Deichmann was born in Essen, Germany, in 1962, to Heinz-Horst and Ruth Deichmann, the only son in a family of four siblings. Heinrich's grandfather started a shoe-selling business in Essen in 1913 with his grandmother. She took over the business after her husband was killed by the Nazis in 1940, and was succeeded by her only son 16 years later.

Heinrich's father built the company into the largest seller of shoes in Europe over the next 43 years. He entered the U.S. market with retail stores, Rack Room Shoes, in 1984, and Off Broadway, in 2002. Heinrich took over the CEO position in 1999. He graduated with a bachelor's degree in business administration from the University of Cologne in 1988, and started as a managing partner at Deichmann the following year. 

His father died on Oct. 2, 2014, leaving the business to Heinrich, who's married with two children.

Milestones
  • 1913 Grandfather Heinrich starts Deichmann, a shoe retailer, with wife.
  • 1926 Father is born in Essen, Germany, brother to four sisters.
  • 1940 Grandmother Julie takes over the business after grandfather is killed by Nazis.
  • 1956 Father takes over as CEO of the Deichmann Group.
  • 1962 Heinrich is born in Essen, Germany, brother to three sisters.
  • 1989 Starts at the Deichmann Group as managing partner.
  • 1999 Succeeds father as CEO of Deichmann Group.
  • 2014 Inherits business after father dies at age 88.