Reinhold Würth assets

Short introduction

Reinhold Würth businessman initially built its great wealth with the screw trading company. After intensive expansion, it became the international market leader for assembly technology. He also appeared as a sponsor of art and lover and was an honorary professor for entrepreneurship.

Early life

Born in Baden-Württemberg in 1935, his parents set up a wholesale business for screws right after the war. Initially without employees, Reinhold Wurth was withdrawn from school at the age of 14 and became the first trainee and employees at the parents’ company. It is based in Künzelsau. The Father died before he was aged, so Reinhold Würth had to wait two years before he was 21 years old before he could take over the company’s management. Since then he led the Würth company from regional players to global companies.

Career

Reinhold Würth reached this by expanding more and expanding the reach of the company “Würth”. It’s quite early to just buy a screw manufacturer as soon as the developing company gives it a means to do it.

When he finally began to expand his trade abroad, the road to a global company has begun. Würth group is now active in more than 80 countries, with more than 400 different companies. This results in annual sales of more than 10 billion euros, more than half produced abroad. Initially only selling screws, the field of Würth Group was very wide, but continued to focus on binding technology.

Reinhold Würth has not been part of operational management since 1994. From 1999 to 2003 he was the Head of the Entrepreneurship Institute at Karlsruhe University.

If the assessment of his wealth is correct, he is the eldenth richest German a few years ago and the richest and richest people around the world. He has now contributed his assets to the Würth foundation. The company must continue to do it even after his death.

Since retiring from operational management, it has emerged mainly as an art sponsor. On the one hand, it itself has a large collection called Würth collection. On the other hand, it promotes the art itself and opportunities for ordinary people to contact them.

In 2003, for example, he bought Fürstlich Fürstengische Samlung when in danger dissolved. In 2011, he paid 50 million euros for the painting “Darmstadt Madonna” from the initial Renaissance. Like many other parts of the Würth collection, this is exhibited in Johanniterkirche at Schwäbisch Hall.

Reinhold Wurth has been married to his wife Carmen since 1956. With him he has three children. He has lived in Hermersberg’s castle with his wife since 1974. His defective son was kidnapped in 2015 and then released without injury. Kidnapper has not been arrested.

Reinhold Würth belongs to the new Apostolic Church. In 2008, he faced accusations of tax evasion. However, this is about the internal cleaning procedure in his company, not his personal income. Würth approved the order of 700 daily rates, which means that it is a criminal note. This is one reason why he applied for Austrian citizenship in 2010, he also received.

Career highlights

There is a possibility that the many awards that Reinhold Würth was accepted, the federal cross given in 1985, which he counted among the highlights. Or it was an extension of 1996 when he received Federal Pause Feeds Class 1. There were also many honorary doctoral degrees and honorary citizenship, including Palermo University and Louisville University. Reinhold Würth is also a knight of the Legion of Honor.

However, in general, it must be the fact that small family business has turned into a billion-dollar global company.

Amazing facts

Reinhold Würth warned impressively and in public about the right shift to the community in the German Federal Republic. In particular, he named most AFD as a danger to the community.

He believes that he can convince his employees with art. He is the first company in the world to install art gallery in a company’s administrative building.

In 1987 Reinhold Würth founded the foundation which also gave prestigious art gifts.

The Women’s World Cup tournament in the Epee fence, which takes place every year in Tauberbischofsheim, has been named after it since 1987.