What is Matthias Reimann-Andersen's Net Worth?
Matthias Reimann-Andersen is a German businessman who has a net worth of $3.5 billion. Just like his siblings, Reimann-Andersen personal fortune is closely associated with the world-known brands like Jimmy Choo shoes, Calvin Klein fragrances, Durex condoms and Peet's coffee. The story of the family riches dates back to 1928 when chemist Ludwig Reimann joined Johann Adam Benckiser in the chemical business. Later on, the business fell in the hands of Albert Reimann Jr. and eventually it was inherited by Matthias Reimann-Andersen and eight other heirs. Each of them received 11.1% of Investmentholding Joh.
A. Benckiser s.à.r.l (JAB), based in Ludwigshafen, Germany. But after five heirs decided to divest their shares, Matthias and three other siblings were left sharing a 95% interest in the company. To date, the JAB has evolved as it has been constantly investing in luxury goods, as well as coffee and tea. However, Matthias Reimann-Andersen is only a share-holder, just like his other siblings, and is not involved in the day-to-day management of JAB or the activities of its portfolio companies.
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