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# Heinz-Horst Deichmann

Random fact: An orthopedic surgeon by trade and an evangelist.

Overview

Deichmann was sole owner of the Deichmann Group, Europe's largest shoe retailer. The Essen, Germany-based company sold 167 million pairs of shoes through 3,500 outlets in Europe and the U.S. and had revenue of more than $6 billion in 2013. The closely held business has retail brands including Graceland, Rack Room Shoes and Off Broadway. Deichman died on Oct. 2, 2014.

As of Sept. 22, 2017:
Last change ()
YTD change ()
Industry Retail
Biggest asset N/A
Citizenship Germany
Age 88
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Heinz-Horst Deichmann's net worth of can buy ...

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of the total wealth of the 500 richest people in the world
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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

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Net Worth Summary

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Biography

Birthdate: 9/30/1926
Family: Widowed, 4 children

Deichmann was born in 1926 in Essen, Germany, to Heinrich and Julie Deichmann, the youngest and only son in a family with four sisters. His father opened a shoe selling business in Essen in 1913. His mother took over the business after her husband died in 1940. Deichmann was wounded in 1945, near the end of World War II, while serving on the Eastern Front for the German army. He studied theology in Bonn, Germany, after the war, and later enrolled in medical school. He married Ruth Fischer, a teacher, in 1950; the couple has four children.

He graduated from medical school as a trained orthopedic surgeon in 1951, and took over as CEO of the family-owned business four years later. During the next 43 years he built the company into the largest seller of shoes in Europe. He entered the U.S. market with the chains, Rack Room Shoes, in 1984, and Off Broadway, in 2002. His son, Heinrich, took over the CEO position, in 1999.

The billionaire's wife, Ruth, died in 2008, after 58 years of marriage. Deichman died on Oct. 2, 2014, leaving the fortune to his son, Heinrich.

Milestones
  • 1913 Father Heinrich starts Deichmann, a shoe retailer.
  • 1926 Heinz-Horst is born in Essen, Germany, brother to four sisters.
  • 1940 Mother Julie takes over the business after father Heinrich dies.
  • 1945 Wounded on the Eastern Front while serving in the German army.
  • 1946 Studies theology in Bonn, Germany, and enrolls in medical school.
  • 1950 Marries Ruth Fischer; the couple has four children.
  • 1952 Graduates from medical school as an orthopedic surgeon.
  • 1956 Takes over as CEO of the Deichmann Group.
  • 1974 Founds the Dr. Heinz-Horst Deichmann Stiftung.
  • 1984 Enters U.S. market with Rack Room Shoes.
  • 1999 Son Heinrich takes over CEO position from his father.
  • 2002 Introduces the Off Broadway brand to the U.S. market.
  • 2008 Wife Ruth dies after 58 years of marriage.
  • 2012 Deichmann releases shoe collection designed by actress Halle Berry.
  • 2014 Passes away, leaving the business to his son.