Ludwig Merckle

Ludwig Kurt Merckle (born 1965) is a German billionaire businessman, CEO of Merckle Service GmbH.

Ludwig Merckle
Born1965 (age 55–56)
NationalityGerman
OccupationChairman, Merckle Group
Net worthUS$5.4 billion (October 2020)[1]
Spouse(s)Married
Children2
Parent(s)Adolf Merckle

Biography

Ludwig Kurt Merckle has a degree in Business Information Technology (Diplom-Wirtschaftsinformatiker) from the University of Mannheim.[2]

Merckle started his career as a strategic consultant at Roland Berger in 1993. In 1995, he joined the family business as an assistant manager. In 1997, he was promoted to CEO of Merckle GmbH, parent company of ratiopharm GmbH. In 2005, he was appointed CEO of VEM Vermögensverwaltung GmbH, and in 2009, CEO of Merckle Service GmbH,[2] after his father, Adolf Merckle, founder of the Merckle group, committed suicide and left the family group in debt.[3]

In March 2010, the generic drugmaking arm of Merckle, Ratiopharm, was sold to Teva Pharmaceutical Industries for €3.6 billion, 55% of HeidelbergCement for €2.5 billion, and other assets to clear their debts.[4]

Fortune

According to Forbes, Merckle has a net worth of $5.4 billion, as of October 2020.[1]

Personal life

Merckle is married, has two children and lives in Ulm.[1]

References
  1. "Forbes profile: Ludwig Merckle". Forbes. Retrieved 6 October 2020.
  2. "Resume of Ludwig Merckle" (PDF). Heidelbergcement.com. Retrieved 2016-06-16.
  3. Gordon Rayner (9 January 2009). "Adolf Merckle: what made this German billionaire commit suicide?". Telegraph.co.uk. Retrieved 2016-06-16.
  4. Daniel Schäfer (19 March 2010). "Selling the family jewels has preserved Merckle empire". Ft.com. Retrieved 2016-06-16.
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