Adolf Merckle [SEP] country of citizenship
Adolf Merckle
Adolf Merckle (18 March 1934 – 5 January 2009) was an entrepreneur and one of the richest people in Germany.
Early life.
Merckle was born in Dresden, into a wealthy family.
Career.
He developed his Bohemian grandfather's chemical wholesale company into Germany's largest pharmaceutical wholesaler, Phoenix Pharmahandel. In the early 1970s he founded Germany's first generic drug manufacturer, Ratiopharm. For several decades he also held large parts of cement company HeidelbergCement as well as vehicle manufacturer Kässbohrer.
, and in 2009, CEO of Merckle Service GmbH, after his father, Adolf Merckle, founder of the Merckle group, committed suicide and left the family group in debt.
In March 2010, the generic drugmaking arm of Merckle, Ratiopharm, was sold to Teva Pharmaceutical Industries for €3.6 billion, 55% of HeidelbergCement for €2.5 billion, and other assets to clear their debts.
Fortune.
According to Forbes, Merckle has a net worth of $5.6 billion, as of June 2016.