Michael Herz (businessman)


Michael Herz is a German businessman, co-owner of the German coffee shop and retail chain Tchibo.

Family business

In 1965, after the death of his father Max, who co-founded Tchibo in 1949 with Carl Tchilinghiryan, Herz joined Tchibo as head of sales.
In 2007, the Tchibo holding company, changed its name from Tchibo Holding AG to Maxingvest AG. It is 100% owned by family members. In 2003, along with his mother and brother Wolfgang, he bought out his other brother, Günter Herz, and sister, Daniela Herz-Schnoekel. In 2008, his brother Joachim died in a motorboat accident.

Personal life

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. He is married and lives in Hamburg.