$3.8 B
The brands associated with Matthias Reimann-Andersen’s multi-billion-dollar fortune include Calvin Klein fragrances, Durex condoms, Jimmy Choo shoes, Peet’s Coffee, Krispy Kreme donuts and Noah’s bagels. He is a descendant of chemist Ludwig Reimann, who, in 1828, joined with Johann Adam Benckiser. Five years earlier, Benckiser had founded a namesake chemical company. Reimann married one of his daughters and wound up owning the business. Great-grandson Albert Reimann Jr. took the reins after his father died in 1952, and added consumer goods. Upon Albert’s death in 1984, Wolfgang and eight other heirs each inherited 11.1% of JAB Holding Company s.à.r.l (JAB). Five of them subsequently divested their stakes, leaving Wolfgang and three of his siblings sharing a 95% interest in the Luxembourg-based investment company. Its holdings include 80% of Coty Inc., a maker of beauty products and perfumes best known for celebrity and fashion collaborations, and 8.9% of Reckitt Benckiser, a multinational (health, hygiene and home products) formed via the 1999 merger of the Reimann family business with Britain’s Reckitt & Colman Ltd. More recently, JAB has acquired controlling stakes in such luxury brands as Jimmy Choo, Bally and Belstaff. Since 2012, it has entered into deals worth $25 billion in a bid to become the world’s leading pure-play coffee company. In December 2015, JAB reached a $13.9 billion agreement with Keurig Green Mountain to take over the publicly traded coffee business. This came only months after European anti-trust regulators blessed JAB’s Amsterdam-based D.E Master Blenders’ $5-billion combination with Mondelēz International’s coffee business to form Jacobs Douwe Egberts. Previous successful targets of JAB’s buying spree had included Peet’s Coffee & Tea, Caribou Coffee Co. and the Einstein Noah Restaurant Group. In May, 2016, JAB took donut chain Krispy Kreme private in a $1.35 billion deal. Neither Matthias nor any of his siblings are active in the management of JAB or the operations of its portfolio companies.
Matthias Reimann-Andersen Net Worth:Matthias Reimann-Andersen is a German businessman who has a net worth of $3.5 billion. Just like his siblings, Reimann-Andersen personal fortune is closely associated with the world-known brands like Jimmy Choo shoes, Calvin Klein fragrances, Durex condoms and Peet’s coffee. The story of the family riches dates back to 1928 when chemist Ludwig Reimann joined Johann Adam Benckiser in the chemical business. Later on, the business fell in the hands of Albert Reimann Jr. and eventually it was inherited by Matthias Reimann-Andersen and eight other heirs. Each of them received 11.1% of Investmentholding Joh. A. Benckiser s.à.r.l (JAB), based in Ludwigshafen, Germany. But after five heirs decided to divest their shares, Matthias and three other siblings were left sharing a 95% interest in the company. To date, the JAB has evolved as it has been constantly investing in luxury goods, as well as coffee and tea. However, Matthias Reimann-Andersen is only a share-holder, just like his other siblings, and is not involved in the day-to-day management of JAB or the activities of its portfolio companies.
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