Economics

Ticket Master Schulenberg Becomes Billionaire in Germany

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By David de Jong

June 21, 2013 at 8:53 AM UTC

Selling tickets to Depeche Mode concerts and the 2014 Winter Olympics in Sochi, Russia, has made Klaus-Peter Schulenberg a billionaire.

The founder and chairman of Munich-based CTS Eventim AG, Europe’s largest ticketing service, has seen his fortune soar as shares of Eventim have risen almost 40 percent in the past seven months.