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#391 Udo Tschira $4.69B

Random fact: Brother Harald is a qualified commerical airline pilot.

Overview

Tschira owns about 3 percent of SAP, the world's third largest independent software manufacturer. His father, Klaus Tschira, who died in 2015, was one of the Walldorf-Germany-based company's five founders. He and his brother Harald are joint heirs to their father's holding companies, which controlled 6.3 percent of the business.

As of July 21, 2017:
Last change +$30.8M (+0.7%)
YTD change +$547M (+13.2%)
Industry Technology
Biggest asset SAP GY Equity
Citizenship Germany
Age 0
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Udo Tschira's net worth of $4.69B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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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

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Tschira's wealth is derived from his 3.2 percent stake in SAP, the world's third largest independent software manufacturer, according to its website, as of May 2017. The billionaire controls his stake in the Walldorf, Germany-based company directly and through two closely held entities: the Dr. H.C. Tschira Beteiligungs and the Klaus Tschira Stiftung, a limited liability company with a charitable purpose. 

The joint heirs of Klaus Tschira, a co-founder of SAP who died in 2015, own 6.3 percent of SAP through these entities, according to the Frankfurt Stock Exchange website, as of May 2017. Udo and his brother Harald, Klaus' only children and joint executors of the estate, are each attributed with half of the estate's shares.

The value of the brothers' cash investments is based on an analysis of dividends, insider transactions, taxes, market performance and charitable contributions.

Renate Ries, a spokesperson for the Klaus Tschira Stiftung, declined to comment on the net worth calculation.

Biography

Birthdate:
Family: Unmarried, No children

Udo and his brother Harald Tschira are the only children of Klaus Tschira, a co-founder of SAP, the world's largest maker of business-management software. Klaus was born in 1940 in Freiburg im Breisgau, Germany. Between 1959 and 1966 he studied physics at the Technische Hochschule Karlsruhe -- later named the Karlsruhe Institute of Technology, graduating in 1966. A year into his studies he began working for IBM in the company's Mannheim office.

He left the U.S. software company in 1972, along with Hans-Werner Hector, Dietmar Hopp, Hasso Plattner and Claus Wellenreuther. They established Systemanalyse und Programmentwicklung in Weinheim, Germany, the predecessor to SAP. Tschira's focus at the company evolved into developing the company's human resources software.

In its first year the company had nine employees and generated less than $200,000 in revenue. Ten years later, it had grown to 100 people and $7.5 million in revenue. SAP listed shares in Frankfurt and Stuttgart in 1988 and by 1996 had 10,000 employees and more than $1 billion in revenue. Tschira resigned from the company's executive board in 1998 and joined its supervisory board, where he served until 2007.

He founded his eponymous foundation in 1995 with the goal of supporting the appreciation of science, mathematics and computers in schools and the broader community. It has donated more than $300 million to related charitable causes.

Klaus died on March 31, 2015 in Heidelberg, Germany. He was 74. Udo and Harald have continued his legacy at the foundation and act as joint managing partners.

Milestones
  • 1972 Klaus leaves IBM to co-found Systemanalyse und Programmentwicklung.
  • 1977 SAP begins computer installations for customers outside Germany.
  • 1988 SAP issues shares in an inital public offering.
  • 1995 Klaus Tschira Stiftung established to support sciences and mathematics.
  • 2003 Hasso Plattner becomes final SAP co-founder to leave management team.
  • 2007 After heart surgery, Klaus chooses not to run for SAP supervisory board role.
  • 2015 Klaus dies aged 74.
  • 2016 SAP commits $1 billion to invest in global tech startups.