Axel Oberwelland Net Worth & Biography

Axel Oberwelland is a German businessman and entrepreneur. He is best known for being the owner and general partner of August Storck, a successful candy manufacturer in Germany. The Berlin-based candymaker has notable brands that include Toffifee, Werther’s Original, and Nimm2. A thriving closely held company, August Storck sells its products in more than 100 countries around the world and posted a revenue of over 3 billion euros last year. Axel the billionaire businessman has derived his massive fortune from his control held in the confectionery August Storck, a respected company that is owned and managed by the Oberwelland family. According to the Orbis company database, Axel is attributed full ownership of the company, and his business intelligence and leadership qualities have been evident in his control of the company since he took over the business from his predecessor. In a report published by German magazine CIO, August Storck, which had a revenue of $3.4 billion last year, is valued based on the average enterprise value-to-sales derivative of four publicly traded peer companies – Meiji Holdings, Nestle, Barry, and Callebaut Ltd. The company derives its income from marketing its products to more than 100 countries. Read on for more on Axel Oberwelland’s net worth and success story as one of Germany’s most adored businessmen and job creators.

Early Life: Childhood, Family

Axel Oberwelland was born in Bielefeld, Germany, on August 1 1966. He is the son of the German entrepreneur and candy business owner Klaus Oberwelland.

He completed his secondary education at a high school in Bielefeld and boarding school close to St. Moritz, Switzerland. For his tertiary studies, he attended the University of St. Gallen in Switzerland, where he studied business.

Sixty years before he was born, his great-grandfather started a small confectionery business, which would become the foundation of the family fortune.

Professional Life: Entrepreneurial Career

After completing his studies, Axel started working at his family’s business in Hamburg in 1995. Initially, he started carrying out assigned tasks in the company’s advertising division. Later on, he moved to the United States as he was promoted to marketing manager for August Storck.

Axel succeeded his father, Klaus Oberwelland, as the candy company’s general partner in 2003. Following the death of his father in 2005, Axel inherited the whole business and has maintained absolute control of it for more than a decade, ultimately growing it to unexpected success and helping it amassed much more profit than anybody would have guessed.

The confectionery factory was started by Axel’s grandfather in the year 1903 in Germany. In 1921, the second generation of Oberwellands (Axel’s father) takes control of the business. The company started producing chocolates in 1954, and in 2005, the third generation of Oberwellands (Axel himself) took control of the business.

Earlier on in 1995, Axel joined the business and started working in the advertising division of the company in Hamburg. In 1998, the management base was moved to Berlin.

The confectionery’s most well-known products include Bendicks, Campino, Château chocolate, (produced for Aldi), Chocolat Pavot, Kaufrüchtchen, Knoppers, Mamba, Merci, Merci Crocant, Merci Petits, Milkfuls, Minis zuckerfrei, Moser-Roth chocolate, Nimm2, Nimm2 Lachgummi, Nimm2 soft, Riesen, Toffifee, and Werther’s Original.

Personal Life: Wife, Children, Private Interests

The billionaire is a happily married man. For many years now, he has been married to and living together with Bergit Oberwelland. The couple lives in Berlin, Germany, and has four children.

Axel Oberwelland Net Worth: Salary, Assets, Income Sources

Mr. Oberwelland is the current chairman and chief executive officer of Storck GmBH. His net worth is more than 4 billion dollars.

Axel Oberwelland is part of the fourth generation of the Oberwelland family to run the candy business that makes such sweets as Riesen, Werther’s Original, and Toffifee. He inherited the German company Storck GmbH when his father Klaus Oberwelland passed away in 2005. He has been in the chief executive position at the company and has been taking the business established by his grandfather in 1903 from height to height.

Storck GmbH also established a nonprofit organization called Stork Foundation. This foundation is dedicated to protecting the stork population in Germany. Storck owns several tasty candy brands and even manufactures house-brand chocolate for German retailer Aldi, which is owned by Karl and Theo Albrecht (Aldi Sud and Nord respectively). Although the firm does not disclose its revenue, Orbis company database claimed last year that the company recorded a profit of over 3 billion dollars last year alone, and has earned a revenue of about $21 billion since 2011.

Axel Oberwelland’s net worth makes him eligible to be listed as one of the richest men in Germany. Forbes magazine named him the 376th richest person in the world back in 2022. He owns many properties around the world, including in countries like the United States, Switzerland, and of course, in Brazil, his birthplace.