Pursuits
Hidden Reimann Billionaire Found as Coty Has New York IPO
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A fifth billionaire has been unmasked in the German family behind perfume maker Coty Inc., which debuted on the New York Stock Exchange today.
Andrea Reimann-Ciardelli, 56, sold her stake in Joh. A. Benckiser, the Reimann family’s closely held investment company, in 2003 for almost $1 billion, according to a person familiar with the terms of the deal who asked not to be identified because the transaction was private. She has a fortune valued at $1.2 billion, according to the Bloomberg Billionaires Index.