Heinrich Deichmann Biography & Net Worth

Heinrich Deichmann Biography & Net Worth

We may have talked about several heirs and heiresses on our blog, but some of the personalities we talk about significantly stand out from others. Like, for example, this German businessman who inherited a business from his father. Now, it wasn’t just his father’s business that he took control of, but it is also a shoe enterprise and brand that was started by his ancestors many years before he was even born. However, our person of interest stepped up to the occasion and carried the company’s weight on his shoulders, continuing from where his late father left off, much to the amazement of both clients of the business, as well as its competitors.

Heinrich Deichmann is a businessman and entrepreneur from Germany. He is famed for being the chief executive officer of his family’s business, Heinrich Deichmann-Schuhe GmbH.

Early Life: Childhood, Education

He was born Heinrich Otto Deichmann on 30 November 1962 in Essen, Germany. His parents are Ruth Deichmann and Heinz-Horst Deichmann.

Heinrich is the only son in his family. He has three sisters.

In 1982, when he graduated from high school, Heinrich moved to the University of Cologne for further studies. He studied business administration, philosophy, historical sciences, and theology at the University.

Professional Life: Business Career

Heinrich is the only son of Heinz-Horst Deichmann, a medical doctor and businessman based in Essen, Germany. The older Deichmann is the founder of the Heinrich Deichmann-Schuhe GmbH Company, which goes back to 1913 when the patriarchs of the Deichmann family started a shoe business named Deichmann-Schuhe GmbH in Essen.

After graduating from the University of Cologne, Heinrich joined the family business and spent ten years starting from 1989 until 1999, working as a Managing Director. In 1999, he took over from his father as Chairman of the company’s Board of directors.

Heinrich’s father, Heinz-Horst Deichmann, a medical doctor and entrepreneur who founded the Heinrich Deichmann-Schuhe GmbH Company, died in October 2014.

About the Company

The Heinrich Deichmann-Schuhe GmbH is the leading shoe retailer in the whole of Europe. Recent statistics show that the company operates more than 3,600 stores in 24 countries around the world. The company’s outlets also include the Off Broadway chains and Rack Room Shoes in the United States of America.

Achievements: Awards & Honors

As of this moment, Heinrich is yet to bag any official award winnings nor nominations. But we can state for a fact that his accomplishments as a businessman precede expectations. He was quite young when he joined the family’s business, but his age and lack of experience didn’t deter his success in any way as he comes from a bloodline of successful entrepreneurs and was able to master the ways of the shoe business from his father, Heinz-Horst Deichmann, a medical doctor and entrepreneur who founded the Heinrich Deichmann-Schuhe GmbH company in Germany.

Today, Heinrich Deichmann is recognized to be a successful businessman. He is named as one of the richest people from Germany with a net worth that runs into several billions of dollars. One of his major works that can be counted as his biggest wins in life so far is the transformation he brought to the business which he joined in 1989 before taking over from his father as Chairman of the company’s Board of directors in 1999. He has initiated massive growth to the company, currently leads from the front, and has seen to the establishment of the business in more than twenty different countries in the world within just a couple of years.

Personal Life: Wife, Children, Private Interests

Mr. Deichmann has been married for several years now. However, giving his nature and ability to keep several personal things under the rugs, we are yet to receive the name of his wife in the media. He is the father of two children.

When he is not concerning himself with official work duties such as monitoring the business, chairing meetings, or traveling for various seminars and product scouting, Heinrich particularly likes to go to museums and also attend classical music concerts.

Heinrich Deichmann Net Worth: Salary, Income Sources

Heinrich Deichmann has succeeded in accumulating a net worth of $4 billion from the Deichmann-Schuhe SE, a company that was founded by his father and is currently known to be Europe’s largest shoe retailer. As of today, Heinrich’s multi-million-dollar venture has registered more than three thousand stores all over the world, including notable US chains Off Broadway and Rack Room Shoe. In 2014, the company recorded sales of 167 million pairs of shoes and posted revenue of $6 billion. Since then, the company which started in 1913 as a small cobbler shop in Dusseldorf, Germany has doubled in annual revenue and stands as the biggest and most successful shoe retailer in the whole of Europe.