Ursula Engelhorn Biography & Net Worth
Ursula Engelhorn Biography & Net Worth
|Popular Name:||Ursula Engelhorn|
|Real Name:||Ursula Engelhorn|
|Net Worth:||$1 Billion|
Ursula Engelhorn is a German businesswoman and philanthropist. She is a member of the prominent Engelhorn family whose patriarch, Fredrich Engelhorn, started the chemical production and marketing company BASF in the year 1865. Ursula is the wife of the late Christof Engelhorn whose brother, Curt, controlled the family business Boehringer Mannheim for more than thirty years and expanded into pharmaceutical and biochemical operations. Now that you have the above on your mind, continue with reading all that has been penned down on this page specifically for you. What you’ll find includes Ursula Engelhorn’s biography, career, business, personal life, and so much more.
Early Life & Business Career
Ursula was born in the European country of Germany. She is a descendant of Fredrich Engelhorn, the German business mogul who founded the chemical conglomerate BASF.
About the Company
BASF, which is an acronym for B adische A nilin- und S odaF abrik (translated from German to ”Baden Aniline and Soda Factory”), was founded on 6 April 1865 by Friedrich Engelhorn in Mannheim, Baden.
It is a German international chemical company and the world’s leading chemical producer. The BASF Group comprises of affiliates and joint ventures in more than eighty countries of the world and operates six integrated production locations and 390 other production sites in Africa, Europe, Asia, Australia, and the Americas. Its headquarters is sited in Ludwigshafen, Germany. BASF has customers in more than 190 countries of the world and supplies products to a wide range of industries. Despite its global presence and size, BASF has received slight public attention since it stopped producing and marketing BASF-branded consumer electronics products in the 1990s. The company, at the end of 2019, had employed 117,628 people, with more than 54,000 in Germany, thereby being a job provider to a sizable number of the population.
In 2019, BASF posted sales of more than $59 billion and recorded income from operations before special items of roughly $4.5 billion. The company is said to be currently expanding its international activities, particularly focusing on Asia. Between 1990 and 2005, BASF invested $5.6 billion in Asia, for example in spots near Mangalore, India, and Nanjing and Shanghai, China. The company trades on the Zurich Stock Exchange, Frankfurt Stock Exchange, and London Stock Exchange. It removed its ADR from the list of the New York Stock Exchange in September 2007.
BASF SE operates in a range of markets. Its business is organized in multiple segments, including Oil and Gas, Chemicals, Agricultural Solutions, Plastics, Functional Solutions, and Performance Products. It is a renowned producer of a variety of chemicals such as industrial gases, glues, basic petrochemicals, resins, solvents, amines, inorganic chemicals, and electronic-grade chemicals. The most important consumers for this segment are the automotive, textile, pharmaceutical, and construction industries. The company’s plastic products include top-grade materials in urethanes, thermoplastics, and foams
BASF produces a variety of performance chemicals, functional polymers, and coatings. These include raw materials for textile and leather chemicals, detergents, paper chemicals, pigments and raw materials for adhesives. Patrons of this segment are the leather, coatings, printing, automotive, oil, construction materials, paper, packaging, detergents, textile, and sanitary products industries. The company’s Functional Solutions’ division includes the Catalysts, Coatings, and Construction Chemicals segments. These units develop customer-specific products, directed at the construction and automotive industries. BASF also supplies agricultural products and chemicals such as insecticides, fungicides, herbicides, and seed treatment products.
BASF also researches nutrigenomics. It opened a new crop technology center in Limburgerhof, Germany back in 2016. The company was cooperating with the renowned Monsanto Company in the research and development, as well as the marketing of biotechnology. In correlation to this work, BASF SE has licensed more than a few gene-editing tools including CRISPR Cpf1 and CRISPR Cas9. The BASF Plant Science subsidiary manufactures the Amflora and Starch Potato genetically altered potato with reduced amylose. In the United Kingdom in 2010, BASF carried out a Department of Environment, Food and Rural Affairs sanctioned trials of genetically modified potatoes. Starch Potato was approved for use in the United States back in 2014. Furthermore, BASF explores for oil and gas and also produces it through its subsidiary Wintershall Dea. In Eastern and Central Europe, Wintershall collaborates with its Russian partner Gazprom.
Personal Life: Husband, Children
Ursula is the wife of the late Christof Engelhorn whose brother, Curt Engelhorn, controlled the family business for three decades. Now, we do not know for how long the couple was married, and also if they had any children in their marriage. But what’s on record is that the duo loved each other and remained committed to their union until Christof’s passing. Since her husband’s death, Ursula has never remarried or entertained any relationships that we’re aware of.
Ursula Engelhorn lives with her loved ones in Lucerne, Switzerland.
Ursula Engelhorn Net Worth: Salary, Stocks, Assets, Income Sources
The German businesswoman and heiress, Ursula Engelhorn, is currently entitled to a net worth of $1 billion. Her husband, Christof Engelhorn, owned a 22.3 percent stake in Corange Limited which is the holding company of their family businesses. He nettled almost $2.5 billion from the business, and this fortune, upon his passing, was shared between Ursula, her daughter Vera Engelhorn, and her two grandchildren from her late son Stefan.