Entrepreneurs in the portrait: Reinhold Würth

Posted by Abdullah Abdul Aziz | Saturday, May 14, 2011

Reinhold Würth is a German businessman. He built in 1945 on his parents founded trading company Würth Screw the global market leader in fastening and assembly technology.

Würth (1935, Württemberg was born in Öhringen) took over the age of 21 years the family business. Würth father died when his son was 19 years. The acquisitions of the company by his son Reinhold Würth took place at the time of his majority. Würth was appointed by his father in 1949 as an apprentice. At this time, he was the second employee of the company.

From a family business to a global actor

Today the company Adolf Würth GmbH & Co. KG Germany more than 5,000 employees. Of domestically generated annual sales in 2009 amounted to almost 1.1 million euros. Total assets of the company was recognized with more than 2.8 million euros, of which almost 2.2 million euros to economic equity.

The parent company is active today with 400 companies worldwide in over 80 countries and employs 58,000 people. Annual sales in 2009 amounted to over 7 million euros.

Reinhold Würth is said to have a unique corporate culture. The optimism, dynamism, respect for employees and their benefits, and work actively to the customer are considered by the Würth company itself as the dominant culture and our success. Würth was removed in 1994 for the operational management of the company. From 1994 to 2006 was chairman of the Advisory Board.

Promoting art and culture

From 1999 to 2003, Würth h.c. Professor Director of the Institute for Entrepreneurship at the University of Karlsruhe. Würth has always emerged as the patron of the arts and culture. He was convinced that he can motivate people through art.

In 2008, he founded the business 13 museums. Examples include the Museum of screws and threads in Künzelsau and the Kunsthalle Würth in Schwäbisch Hall. The art of Würth Collection of the largest private art collections in the world and are displayed alternately in different museums.

Würth company's success helped him considerable wealth. Reinhold Würth's assets is estimated by Forbes magazine, known to U.S. $ 5.3 million. These are the richest German Würth eighth and is in the list of richest people in the world 132nd Place.

Tax questions about Würth

In 2008 it was announced that since the 2006 investigation of Würth and others in the research environment was due to fraud. It opened a case against Würth, whose attitude toward it agrees. Würth against a financial penalty was issued from 700 daily rates.

Würth gave as the reason for the approval of the financial penalty that is due to the complexity of the situation Expected years of legal disputes because of their age would not endure. He saw through a process of working life for a considerable reputational risk.

Würth in 2008 also expressed public criticism of the German tax system and complained of too high a burden for the rich, leading, in his view, a "well-RDA. "