German entrepreneur Dieter Schwarz is the owner of German retail group Schwarz-Gruppe. According to Forbes, this retail baron’s net worth is around $13.1 billion as of October 2018.
Schwarz was born on 24 September 1939 in Heilbronn, Germany. His father Josef founded the discount chain Schwarz & Lidl in 1930. He took control of the chain after his father died in 1977. He bought the naming rights from the co-owner Ludwig Lidl. Today Schwarz-Gruppe’s revenue is more than $90 billion. Schwarz is the chairman and CEO of global discount supermarket chain Lidl Stiftung & Co. KG and hypermarket chain Kaufland. Lidl is the second biggest discounter in Germany.
Schwarz’s Dieter Schwarz Foundation is a limited liability company with a charitable purpose. Its dividends are used to fund charitable projects. It supports education and day care facilities for children; science and research projects; and other activities. It sponsors GGS, an innovative business school for management and law.
Schwarz is married to Franziska Schwarz. They have been married for around five decades and have two children. The family lives in Heilbronn, Germany. He is very protective of his privacy and shuns all publicity. Only two of his photographs exist; one of them is in black and white.