Thomas Strungmann Net Worth

Thomas Strungmann Net Worth and Salary

Thomas Strungmann is a German entrepreneur and billionaire who has a net worth of $7.3 billion as of 2021, according to Forbes. He has been listed as one of the richest people in Germany and the world. He has earned most of his wealth through pharmaceuticals and other ventures.

Early Life and Education

Thomas Strungmann was born in Munich, Germany, on November 29, 1950, with his twin brother Andreas. Both brothers grew up in a middle-class family. Thomas studied pharmacy at Ludwig-Maximilians-Universität München, where he met his future business partner and twin brother.

Career

Thomas and Andreas Strungmann co-founded Hexal AG, a generic drug maker in Germany, in 1986. They built the company into the country’s largest maker of cheap generic medicines over the years. In 2005, Novartis bought Hexal AG for $7.5 billion. In 2006, Thomas and Andreas Strungmann founded Athos Service GmbH to manage their various investments and ventures. Thomas Strungmann owns nearly one-third of the group’s chemical and pharmaceutical assets.

Aside from the pharmaceuticals industry, Thomas Strungmann has invested in various companies and establishments. Strungmann is also a co-owner of the German soccer team Eintracht Frankfurt.

Personal Life

Thomas Strungmann is known for his low-profile lifestyle, and little is known about his personal life except for his passion for football. He lives in Munich, and his twin brother Andreas also lives there.

Illness and Death (if applicable)

There is no information available about Thomas Strungmann’s illness, and it is safe to assume that he remains in good health.

Real Estate

Thomas Strungmann has invested in various properties over the years, but he keeps his personal real estate holdings away from the public eye.

Legacy

Thomas Strungmann is believed to be one of the most successful German entrepreneurs, having co-founded Hexal AG and sold it for a whopping $7.5 billion. His legacy includes his contributions to the pharmaceuticals industry, his investments in various ventures, and his support for Eintracht Frankfurt.

FAQs About Thomas Strungmann

1. How did Thomas Strungmann make his fortune?

Thomas Strungmann made most of his wealth by co-founding Hexal AG, a generic drug maker in Germany, and later selling it to Novartis for $7.5 billion. He has since invested in various ventures and amassed a net worth of $7.3 billion.

2. What other industries has Thomas Strungmann invested in?

Aside from the pharmaceutical industry, Thomas Strungmann has invested in various ventures, including real estate, transportation, and the sports industry.

3. What is Thomas Strungmann’s involvement with Eintracht Frankfurt?

Thomas Strungmann is a co-owner of the German soccer team Eintracht Frankfurt.

4. Who is Thomas Strungmann’s twin brother?

Thomas Strungmann’s twin brother is Andreas Strungmann, with whom he co-founded Hexal AG and Athos Service GmbH.

5. What is Thomas Strungmann’s net worth as of 2021?

According to Forbes, Thomas Strungmann’s net worth as of 2021 is $7.3 billion.

6. Where does Thomas Strungmann live?

Thomas Strungmann lives in Munich, Germany.

7. What is the Athos Service GmbH?

Athos Service GmbH is a private investment firm co-founded by Thomas and Andreas Strungmann in 2006. It manages the Strungmann brothers’ various investments and ventures.

8. How old is Thomas Strungmann?

Thomas Strungmann was born on November 29, 1950, which makes him 70 years old as of 2021.

9. What is the Hexal AG?

Hexal AG is a generic drug maker that was co-founded by Thomas and Andreas Strungmann in 1986 in Germany. The company grew to become the country’s largest maker of cheap generic medicines before it was sold to Novartis in 2005 for $7.5 billion.

10. What is Thomas Strungmann’s philosophy in investing?

There is no public information available about Thomas Strungmann’s philosophy in investing.

11. What is Thomas Strungmann’s involvement in philanthropy?

There is no public information available about Thomas Strungmann’s involvement in philanthropy.

12. What are some of Thomas Strungmann’s other business ventures?

Thomas Strungmann has invested in various ventures, including real estate, transportation, and the sports industry. However, little has been disclosed in the public domain about his other business ventures.

13. What are some of the challenges Thomas Strungmann faced in his business career?

There is no publicly available information about the challenges Thomas Strungmann faced in his business career.

14. What is Thomas Strungmann’s involvement in the sports industry?

Aside from being a co-owner of Eintracht Frankfurt soccer team, there is no publicly available information about Thomas Strungmann’s involvement in the sports industry.

15. What is Thomas Strungmann’s future investment plans?

There is no publicly available information about Thomas Strungmann’s future investment plans. However, given his past investments and successes, it is safe to assume that he is keeping his eyes peeled for new ventures to invest in.