Bloomberg Billionaires Index

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

#488 Wolfgang Reimann $4.04B

Random fact: The Reimann siblings are trained scientists.


Reimann owns about 23 percent of Luxembourg-based Joh. A. Benckiser, the investment company that agreed to buy the Panera Bread chain for $7.5 billion in April 2017. Its other investments include coffee makers D.E Master Blenders 1753 and Peet's Tea & Coffee, brand manager JAB Luxury, and stakes in Reckitt Benckiser, Coty and Jimmy Choo.

As of Sept. 22, 2017:
Last change -$46.7M (-1.1%)
YTD change +$61.7M (+1.6%)
Industry Retail
Biggest asset Acorn Holdings
Citizenship Austria
Age 59
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Wolfgang Reimann's net worth of $4.04B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

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

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

Reimann owns about 23 percent of closely held investment company Joh. A. Benckiser (JAB Holdings). He and three siblings hold a combined 92.5 percent interest; company management owns the rest.

Through Haarlem, the Netherlands-based JAB Holdings, the Reimanns own about 80 percent of Coty, according to an August 2017 filing with the U.S. Securities and Exchange Commission. The four siblings also own about 8 percent of Reckitt Benckiser, the manufacturer of Durex condoms.

They made their first investment in the hot beverage industry in 2012, purchasing Peet's Coffee & Tea chain for $940 million. They have made at least ten other acquisitions since then, including the $13.9 billion purchase of single-serve coffee brewer Keurig Green Mountain in December 2015 and the $7.5 billion purchase of restaurant chain Panera Bread. 

JAB’s holding companies are valued based on the fair market values given in the company’s 2016 annual report. The companies, which include JAB Beech, JAB Coffee Holding, and JAB Luxury are used to hold the company’s largest brands, including Peet’s Coffee and Tea, Espresso House, and Krispy Kreme. A 15 percent discount is applied because of uncertainty about future cash flows. Company debt, held across all holding companies, is added as a liability and comes from data collected by Bloomberg.

JAB started the company's luxury retail brand Labelux in 2006, which has since bought Jimmy Choo, Bally and Belstaff, and changed its name to JAB Luxury. Jimmy Choo sold shares in an initial public offering on the London Stock Exchange in October 2014.

JAB is calculated to hold about $7.9 billion in debt through their stakes in Acorn, JAB Beech, and JAB Luxury. A separate $1.8 billion liability has been included for each sibling to reflect the Reimann family portion of this debt.


Family: Unknown, No children

The Reimann fortune took root in 1828, when Ludwig Reimann, a chemist, joined Johann Adam Benckiser at the namesake chemical company he had founded in Pforzheim, Germany, five years earlier. The company, which sold citric acids and phosphates to customers throughout Europe, passed to the Reimann family after one of Benckiser’s heirs retired childless and ceded his stake.

In 1858, Reimann moved the operation to Ludwigshafen, Germany. Albert Reimann joined the firm in 1923, at the age of 25, helping to run the company alongside his father and uncles. During the 1950s and 1960s, he transformed the business, introducing products such as Kukident denture adhesive cream in 1962, and Calgonit dishwasher detergent in 1964. In 1981, he hired Peter Harf, a former management consultant with a doctorate in economics from Cologne University and an MBA from Harvard Business School.

Albert Reimann died three years later, leaving each of his nine children -- four adopted from his sister Else Dubbers, three conceived with surrogate mothers and two other adoptees -- with a 11.1 percent stake in closely held investment company Joh. A. Benckiser (JAB). Harf was appointed CEO by the Reimann heirs in 1988. He and other JAB executives have a 7.5 percent stake in the company.

The Reimanns -- and JAB's three top executives, Harf, Bart Becht and Olivier Goudet -- have continued to expand JAB from an industrial chemical maker into one that produces and sells consumer goods. In 1992, JAB bought Coty from Pfizer for about $440 million and, in 1997, sold shares of Benckiser, maker of household cleaning products Vanish and Cillit Bang, in an initial public offering on the Amsterdam Stock Exchange. The four Reimann-Dubbers children were bought out of JAB prior to the offering.

The company merged with British consumer-goods outfit Reckitt & Colman two years later to create Reckitt Benckiser, and, in 2003, a fifth adopted heir, Andrea Reimann-Ciardelli, was bought of JAB in 2003 for almost $1 billion. In 2007, Harf created the family’s luxury retail group, Labelux, buying fashion brands such as Derek Lam, Belstaff, Bally and, in May 2011, shoemaker Jimmy Choo from private-equity firm TowerBrook Capital Partners for about $875 million.

After Coty's $10.7 billion bid for Avon Products failed in 2012, JAB bought Emeryville, California-based Peet's Coffee & Tea chain for $940 million. They have made at least nine other acquisitions since then, including the $13.9 billion purchase of single-serve coffee brewer Keurig Green Mountain in December 2015.

The four Reimann siblings, who are all trained scientists, have never been involved in the company’s day-to-day management. In 2006, JAB was moved to Vienna, where the Reimann family offices were established. The siblings took up Austrian citizenship and renounced their German passports.

  • 1952 Albert Reimann inherits Joh. A. Benckiser from his father.
  • 1984 Reimann dies; his nine adopted children inherit the company.
  • 1988 Peter Harf appointed CEO by the Reimann heirs.
  • 1992 Buys Coty from Pfizer for $440 million.
  • 1996 Four Reimann-Dubbers siblings are bought out of JAB.
  • 1997 Benckiser sells shares in an initial public offering.
  • 1999 Merger with Reckitt & Colman forms Reckitt Benckiser.
  • 2003 Sister Reimann-Ciardelli bought out of JAB for almost $1 billion.
  • 2007 Harf founds luxury clothing group Labelux.
  • 2011 Purchases shoemaker Jimmy Choo for about $875 million.