Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

# 75 Heinz Hermann Thiele $16.3B

Random fact: Started foundation to help victims of the 2004 tsunami in Asia.

Overview

Thiele controls Knorr-Bremse Group, a German parts manufacturer that had revenue of 6.6 billion euros ($7.5 billion) in 2018. The Munich-based publicly traded company makes brake systems for rail cars and commercial vehicles. He also owns 44.7% of Vossloh, a publicly traded railroad equipment producer.

As of :
Last change -$8.70M ( -0.1%)
YTD change +$1.73B ( +11.9%)
Industry Industrial
Biggest asset KBX GR Equity
Citizenship Germany
Age 78
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Heinz Hermann Thiele's net worth of $16.3B can buy ...

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troy ounces of gold
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barrels of crude oil

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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 Heinz Hermann Thiele's fortune is derived from his control of Knorr-Bremse, a Munich-based publicly-traded manufacturer of brake systems for rail and commercial vehicles.

Thiele owns 70% of Knorr-Bremse through KB Holdings, according to the company's 2018 annual report.

The billionaire also owns 44.7% of publicly traded rail equipment producer Vossloh, according to the company's 2018 annual report.

The value of his cash investments is based on an analysis of dividends, insider transactions, taxes and market performance.

Eva Seifert, a spokesperson for Knorr-Bremse, declined to comment on the net worth calculation.

Biography

Birthdate: 4/2/1941
Family: Married, 2 children

Knorr-Bremse was started in Berlin by inventor Georg Knorr in 1905. It produced the MG35 machine gun for the German army during World War II. The company moved to Munich in 1946, after their Berlin factory was confiscated by Allied forces.

Thiele was born in Mainz, Germany, in 1941. He joined Knorr-Bremse in the patent and legal department in 1969, after graduating with a law degree from the University of Munich. The billionaire rose from the patent department to head of Knorr-Bremse's legal department and then to leading the entire company within 15 years. He acquired the business in 1985.

Knorr-Bremse concentrated on manufacturing braking systems for rail and commercial vehicles under Thiele's ownership. He is the chairman of the company's supervisory board. The billionaire lives in Munich with his wife. They have two children.

Milestones
  • 1905 Knorr-Bremse is founded in Berlin by inventor Georg Knorr.
  • 1941 Heinz Hermann Thiele is born in Mainz, Germany.
  • 1945 Factory confiscated after Second World War; firm moves to Munich.
  • 1969 Starts career at Knorr-Bremse in patent and legal department.
  • 1984 Appointed to the board of the company.
  • 1985 Builds up majority stake in Knorr-Bremse.
  • 1989 Becomes sole owner of Knorr-Bremse.
  • 2005 Founds charitable foundation, Knorr-Bremse Global Care.