Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

#460 Maja Hoffmann $4.20B

Random fact: Great-granddaughter of Roche founder Fritz Hoffmann.

Overview

Hoffmann has a 1.5 percent economic interest in Roche Holding, the world's third-largest drugmaker. The Basel, Switzerland-based company is a manufacturer of oncology medications, including leukemia treatment Rituxan and breast cancer drug Avastin. It had revenue of of 50.6 billion Swiss francs ($51.4 billion) in 2016.

As of July 21, 2017:
Last change -$17.4M (-0.4%)
YTD change +$460M (+12.3%)
Industry Health Care
Biggest asset RO SW Equity
Citizenship Switzerland
Age 56
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Maja Hoffmann's net worth of $4.20B 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:

Maja Hoffmann's fortune is derived from her 1.5 percent stake in drugmaker Roche Holding. Hoffmann holds her stake in bearer shares that bestow voting rights on the holder. Roche is the world's third-largest pharmaceutical company based on 2016 sales, according to the Pharmaceutical Executive website.

Hoffmann controls the shares along with the other living descendants of Fritz Hoffmann who founded Roche forerunner, F. Hoffmann-La Roche & Co. in 1896. Through a voting pool that includes eight shareholders, the family controls 72 million Roche shares, giving them 45 percent voting control of the company and a 8.3 percent equity interest. Hoffmann's cousin Maja Oeri holds a 1 percent interest outside of the voting pool. Hoffmann's father Lukas, who left the voting pool in 2004, died in July 2016. His holding has been split evenly among his three children identified as belonging to the family pool.

Maja's cousin Beatrice Oeri sold her shares in Roche back to the family and exited the pool in 2009. Two years later, another cousin, Maja Oeri, broke from the pool, while continuing to hold onto her shares. That year Roche disclosed her individual holdings, 8.1 million shares, which represents 0.9 percent of the company's equity and 5 percent of its voting rights. Maja Hoffmann's holdings are calculated on the basis of these disclosures, as well as an analysis of the holdings back to 2000, when some of the family's individual stakes were disclosed.

The value of Hoffmann's cash holdings is based on an analysis of dividends, market performance, insider transactions, taxes and charitable contributions.

Maja Hoffmann declined to comment on her net worth in an e-mailed statement.

Biography

Birthdate:
Family: Unmarried, 2 children

Maja Hoffmann is the great-granddaughter of Fritz Hoffmann who, in 1896, founded the forebear of drugmaker Roche Holding, today the world's fourth largest pharmaceutical company. Together with other family members she retains voting control over the Swiss company that employs more than 94,000 people and operates in 100 countries worldwide.

Notable acquisitions by the medical firm include the purchase of Corange in 1998, a Bermuda-based holding company that owned Mannheim, Germany-based drug and diagnostics company Boehringer Mannheim for $10.2 billion dollars in cash. That transaction solidified the fortune of Germany's Engelhorn family, including Curt Engelhorn, who was Boehringer's CEO for 37 years. Roche completed the purchase of San Francisco-based biotech Genentech Inc. for $46.8 billion in 2009.

Maja Hoffmann is not directly involved in Roche's operations. She spends her time collecting and curating modern art, and supporting art projects around the world. She is investing some 100 million euros in a cultural complex in Arles, France, according to local media reports. She was named as one of the 100 most influential people in the art world by ArtReview magazine.

Milestones
  • 1989 The present-day form of the company, Roche Holding, is founded.
  • 1999 Roche pleads guilty to vitamin price fixing in the U.S. and is fined.
  • 1999 Family patriarch -- and classical music patron -- Paul Sacher dies.
  • 2000 Roche buys the 44 percent of Genentech it does not own for $46.8 billion.
  • 2009 Cousin Beatrice sells her Roche shares back to the family voting pool.
  • 2010 Maja Hoffmann appointed trustee of London's Tate Modern art gallery.
  • 2011 Cousin Maja Oeri exits voting pool to exercise voting rights independently.
  • 2012 Roche withdraws $6.7 billion bid for U.S. genetics company Illumina.