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#312 Isolde Liebherr $5.67B

Random fact: Took over control of business with brothers when their father died.

Overview

Liebherr is vice chairman of Liebherr-International, a heavy machinery and construction conglomerate she controls with her brother Willi. The Bulle, Switzerland-based business is closely held, manufactures cranes, refrigerators, aircraft and mining equipment, and had revenue of 9 billion euros ($10 billion) in 2016.

As of Oct. 17, 2017:
Last change +$46.3M (+0.8%)
YTD change +$1.73B (+44.0%)
Industry Industrial
Biggest asset Liebherr-International
Citizenship Germany
Age 67
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Isolde Liebherr's net worth of $5.67B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Liebherr's fortune is derived from her 50 percent stake in closely held Bulle, Switzerland-based Liebherr-International, a heavy machinery and construction conglomerate.

The business had revenue of 9 billion euros ($10 billion) and net income of 298 million euros in 2016, according to its annual report. It's valued using the average enterprise value-to-Ebitda, enterprise value-to-sales and price-to-earnings multiples of three publicly traded peers: Terex, Caterpillar and Hitachi.

The billionaire owns the company with her brother, Willi, and their respective children. The two siblings are credited with the fortune because of their operational and strategic roles at the company.

The value of her cash and other investable assets is based on an analysis of dividends, taxes and market performance.

Fiona Neuenfeldt, a spokeswoman for Liebherr-International, declined to comment on the net worth calculation.

Biography

Birthdate: 1949
Family: Married, 3 children

Isolde Liebherr was born in Kirchdorf an der Iller, Germany, in 1949, the year her father, Hans Liebherr, started a namesake construction-cranes maker. He moved the business from Germany to Switzerland in 1983 to avoid inheritance tax, and started Liebherr-International.

She started working in the family business in the mid-1970s, overseeing the real estate properties and hotel business. Her father died in 1993, when the closely held conglomerate had $2.5 billion in revenue, and had expanded to manufacturing heavy machinery for mining and aerospace operations as well as producing refrigerators. After her father's death, she took over Liebherr-International with her brother, Willi, having bought out their three other siblings.

Liebherr became the company's vice-chairman in 1999. She has three daughters and lives in Bulle.

Milestones
  • 1949 Isolde Liebherr is born.
  • 1949 Father starts namesake crane production company in Biberach, Germany.
  • 1960 Hans Liebherr begins building aircraft landing gear.
  • 1975 Completes degree at Business School of Mannheim.
  • 1976 Begins working for family business.
  • 1993 Father dies. Takes over company with her brother, Willi.
  • 1994 Becomes vice president of Liebherr-International's administrative board.
  • 2012 Gets honorary doctorate from National University of Ireland
  • 2012 Third generation family members join management team.