German businessman, Clemens Toennies has an estimated net worth of $2.3 billion. Born in Rheda, Germany on May 27, 1956. Toennies went to butchery college and soon ventured in business with his brother Bernd in 1971 when they created food industry’s powerhouse ToenniesLebensmittel. Expanding from a small food processing firm to a well-known, the company has an annual income of about $6 billion. It does beef cattle, pig, sow slaughtering, processing, and butchering. The 48-year-old billionaire and business magnet owns half of the firm’s value which accounts mostly for his mass income. When his brother died in 1994 at the age of 42 years old and his share was passed on to his son Robert, the nephew and uncle have been since in legal disagreements over company’s ownership. Clemens Toennies is also one of the main shareholders in the meat company zurMuhley Group that manufactures more than two billion packages annually and holds the name of famous brands such as Boeklunder, Koenecke, Redlefsen, Schulte and Plumrose. Toennies is chairman of soccer team FC Schalke 04.