Rainer Schmidt-Ruthenbeck Explained

Rainer Schmidt-Ruthenbeck
Birth Place:Germany
Occupation:16% owner of Metro AG
Relatives:Michael Schmidt-Ruthenbeck (brother)

Rainer Schmidt-Ruthenbeck (also spelled Reiner, born 1941) is a German billionaire businessman and, together with his brother Michael, owner of 16% of the retail group Metro AG.

Biography

He is the son of Wilhelm Schmidt-Ruthenbeck and Vera Ruthenbeck. His brother is Michael Schmidt-Ruthenbeck and his sister is Viola Schmidt-Ruthenbeck.

In the 1990s his family founded the Stiftung Mercator,[1] the Mercator Schweiz and the Karl Schmidt Family Foundation.[2]

On the Forbes 2016 list of the world's billionaires, he and his brother were ranked #722 with a net worth of US$2.4 billion.[3]

He lives in Duisburg, Germany.

Notes and References

  1. News: GUIDING VISION . 8 April 2023 . Stiftung Mercator.
  2. News: Michael & Reiner Schmidt-Ruthenbeck . 8 April 2023 . Forbes Media LLC.
  3. Web site: The World's Billionaires (2016 ranking): #722 Michael & Reiner Schmidt-Ruthenbeck . 1 March 2016 . . 2 January 2017.