Dieter Schwarz

REAL TIME NET WORTH

$37.4B
as of 4/24/21

2021 BILLIONAIRES NET WORTH

$36.9B
 Dieter Schwarz's Schwarz Group, with revenue of over $140 billion, is
comprised of the Kaufland and Lidl (rhymes with needle) discount
supermarkets.
 Schwarz inherited the company from his father, Josef, who became a
partner in Suedfruechte Grosshandel Lidl & Co., a fruit wholesaler, in 1930.
 Dieter opened the first Lidl store in 1973, became CEO in 1977 when
Josef died, and built Schwarz Group into Europe's largest retail empire.
 Lidl entered the U.S. in 2017, promising to convince consumers to
"Rethink Grocery." Its stores are mostly in Virginia and North and South
Carolina.
 Schwarz Group is owned by a foundation, technically a limited liability
company, but Dieter maintains full control and is the effective owner.
Reference: https://www.forbes.com/profile/dieter-schwarz/?list=billionaires&sh=279b308f6fea