Behind-the-scenes glance at the Reimann family's riches in 2023: The story of their entrepreneurial success
The Reimann family, one of Germany's wealthiest, built their fortune on strategic investments and corporate participations, primarily through the JAB Holding Company. This Luxembourg-based conglomerate has interests in various sectors, including consumer goods, coffee, luxury fashion, and fast food.
Business Ventures
The roots of JAB Holding can be traced back to chemist Ludwig Reimann in 1828, who laid the foundation for the company. It was Albert Reimann Jr., however, who expanded the business into consumer goods in the mid-20th century. In the 1980s, the family merged their business with British Reckitt & Colman, creating the global consumer goods giant, Reckitt Benckiser. More recently, JAB has actively invested in luxury and fashion companies, positioning themselves as a major player in the luxury goods sector.
Ownership & Net Worth
Approximately 90% of JAB is controlled by four of the nine adopted children of Albert Reimann Jr.: Matthias Reimann-Andersen, Renate Reimann-Haas, Stefan Reimann-Andersen, and Wolfgang Reimann. Each of these four individuals had approximately $3.8 billion in JAB shares individually as of 2015. With continued business expansions, it is reasonable to infer that the family’s total wealth has increased since then.
Wealth Development
The Reimann family's wealth originated in the 19th century from chemical manufacturing and was expanded in the 20th century through diversification into fast-moving consumer goods and global mergers. Their strategy of combining holdings under JAB and investing heavily in growing sectors such as premium coffee, luxury fashion, and fast food has fueled continued wealth growth.
The family maintains a low public profile and private ownership structure, enabling long-term strategic investment without public market pressures.
Additional Business Activities
Beyond JAB Holding, the Reimann family holds stakes in the chemical firm Reckitt Benckiser and the Kabel 1 broadcasting participation. Konny Reimann, a member of the family, has also established guest houses on the island of Oahu and has a significant media presence with TV shows, advertising campaigns, and the opening of Konny Island.
Summary
The Reimann family's unique strategy of private, diversified investments through JAB, the successful merger with Reckitt, and ongoing active management in luxury and consumer sectors have driven their considerable net worth and continued wealth development. With an estimated net worth of 34 billion euros, the Reimann family is one of Germany’s wealthiest families.
The Reimann family's wealth development is largely attributed to their strategic investments through JAB Holding Company, which they control primarily by owning 90% of its shares. This business has interests in sectors such as consumer goods, coffee, luxury fashion, and fast food. Moreover, their wealth management approach encompasses not only JAB's activities but also personal-finance ventures, like ownership of stakes in the chemical firm Reckitt Benckiser and the Kabel 1 broadcasting participation. Lastly, they continue to invest and expand their business in growing sectors such as premium coffee, luxury fashion, and fast food, demonstrating their commitment to wealth accumulation through various finance and investing avenues.
