Ludwig Merckle
| Ludwig Merckle | |
|---|---|
| Born | 1965 |
| Residence | Ulm, Germany |
| Nationality | German |
| Occupation | Chairman, Merckle Group |
| Net worth | $5.6 billion (June 2016)[1] |
| Children | 2 |
Ludwig Merckle (born 1965) is a German businessman, CEO of Merckle Service GmbH.
Biography
Ludwig Merckle has a degree in Business Information Technology (Diplom-Wirtschaftsinformatiker) from the University of Mannheim.[2]
Ludwig Merckle started his career as a strategic consultant at Roland Berger in 1993. In 1995, he joined the family business as an assistant manager. In 1997, he was promoted to CEO of Merckle GmbH, parent company of ratiopharm GmbH. In 2005, he was appointed CEO of VEM Vermögensverwaltung GmbH, and in 2009, CEO of Merckle Service GmbH,[2] after his father, Adolf Merckle, founder of the Merckle group, committed suicide and left the family group in debt.[3]
In March 2010, the generic drugmaking arm of Merckle, Ratiopharm, was sold to Teva Pharmaceutical Industries for €3.6 billion, 55% of HeidelbergCement for €2.5 billion, and other assets to clear their debts.[4]
Fortune
According to Forbes, Merckle has a net worth of $5.6 billion, as of June 2016.[1]
Personal life
Merckle is married with two children and lives in Ulm.[1]
References
- 1 2 3 "Ludwig Merckle". Forbes. Retrieved 16 June 2016.
- 1 2 "Resume of Ludwig Merckle" (PDF). Heidelbergcement.com. Retrieved 2016-06-16.
- ↑ Gordon Rayner (9 January 2009). "Adolf Merckle: what made this German billionaire commit suicide?". Telegraph.co.uk. Retrieved 2016-06-16.
- ↑ Daniel Schäfer (19 March 2010). "Selling the family jewels has preserved Merckle empire". Ft.com. Retrieved 2016-06-16.