Background and career
Michael Herz (born September 28, 1943) is a German businessman, co-owner of holdings company Maxingvest AG.
In 1965, after the death of his father Max Herz, who co-founded Tchibo in 1949 with Carl Tchilinghiryan, Herz joined Tchibo (later Maxingvest AG) as head of sales. According to Forbes’ list of global billionaires, Herz is listed at number 360 with a net worth of $4.3 billion as of July 8, 2015. He was the 21st richest man in Germany and in 2003 made the top 10. Herz bought and reorganized book wholesaler Libri and florist Blume 2000, and prevented the break-up of Beiersdorf AG. His investment in Escada turned out to be a failure and ended in bankruptcy.
He is married and lives in Hamburg. In 2008, his brother Joachim died in a motorboat accident.
Sources
Net-worth figure: Celebrity Net Worth (October 2026), in USD. Biography and career facts: the person's Wikipedia article and linked reporting. Snapshot date for all StarWorth figures: 28 October 2026.
