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#149 Billionaire

Ludwig Merckle

Ludwig Merckle
$16.5B
+$147M (+0.9%)
DE · Age 61
Source of wealth: Pharmaceuticals
Industry: finance-investments
Residence: Ulm, DE
{ "bio": [ "Most of Ludwig Merckle's wealth is from HeidelbergCement; he owns 27% after having sold nearly half the company following the 2008 financial crisis.", "Along with other members of his family, he owns Phoenix Pharma SE, a drug wholesaler that also operates a chain of retail pharmacies.", "After his father Adolf's death in 2009, Ludwig impressively turned around a tumbling family fortune mired in crisis and debt.", "To finance the rescue, he sold drug maker Ratiopharm and nearly had to sell Phoenix.", "He owns the snowcat maker Kaessbohrer and is co-owner of Zollern, which makes a range of products including bearings, gears, winches and motors." ], "about": [ "Ludwig Merckle was named Family Entrepreneur of the Year in 2017 by PwC's INTES Family Business Academy.", "A naturalist by hobby, he also owns the forestry company Blauwald." ] }

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