Age, Biography and Wiki
Adolf Merckle was born on 18 March, 1934 in Dresden, Germany, is a German businessman, billionaire. Discover Adolf Merckle's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 75 years old?
| Popular As |
N/A |
| Occupation |
Businessman |
| Age |
75 years old |
| Zodiac Sign |
Pisces |
| Born |
18 March, 1934 |
| Birthday |
18 March |
| Birthplace |
Dresden, Germany |
| Date of death |
2009 |
| Died Place |
Blaubeuren, Germany |
| Nationality |
Germany
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We recommend you to check the complete list of Famous People born on 18 March.
He is a member of famous Businessman with the age 75 years old group.
Adolf Merckle Height, Weight & Measurements
At 75 years old, Adolf Merckle height not available right now. We will update Adolf Merckle's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
| Physical Status |
| Height |
Not Available |
| Weight |
Not Available |
| Body Measurements |
Not Available |
| Eye Color |
Not Available |
| Hair Color |
Not Available |
Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
| Family |
| Parents |
Not Available |
| Wife |
Not Available |
| Sibling |
Not Available |
| Children |
Ludwig Merckle |
Adolf Merckle Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Adolf Merckle worth at the age of 75 years old? Adolf Merckle’s income source is mostly from being a successful Businessman. He is from Germany. We have estimated Adolf Merckle's net worth, money, salary, income, and assets.
| Net Worth in 2024 |
$1 Million - $5 Million |
| Salary in 2024 |
Under Review |
| Net Worth in 2023 |
Pending |
| Salary in 2023 |
Under Review |
| House |
Not Available |
| Cars |
Not Available |
| Source of Income |
Businessman |
Adolf Merckle Social Network
| Instagram |
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| Linkedin |
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| Wikipedia |
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| Imdb |
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Timeline
Adolf Merckle (18 March 1934 – 5 January 2009) was a German entrepreneur and billionaire.
In 1945, he fled with his family from Sudetenland, a region near the German-Czech border that was inhabited by ethnic Germans and occupied by Adolf Hitler's forces in 1938.
His family settled in Blaubeuren, a small town in southern Germany between Stuttgart and Ulm.
He was educated as a lawyer.
In 1967, he took over his family company, Merckle GmbH, with just 80 employees.
In 1973, he founded Germany's first generic drug manufacturer, Ratiopharm.
For several decades he also held large stakes in cement company HeidelbergCement as well as vehicle manufacturer Kässbohrer.
He committed suicide at age 74 due to losses during the financial crisis of 2007–2008.
He was at one point the fifth-richest person in Germany with a net worth of $9.2 billion.
Merckle was born in Dresden.
Since the market value of the shares slumped more than 75% during the financial crisis of 2007–2008, banks demanded further securities and early redemption on their loans.
Merckle made personal guarantees to the banks, also from his private assets.
By negotiating with the banks he received a bridge loan to keep VEM afloat.
In return he had to agree to sell Ratiopharm and his stake in HeidelbergCement to pay down debt.
At the end of 2008, Merckle’s investment company, VEM Vermögensverwaltung, faced a liquidity shortage.
VEM said in a public statement that it had shored up the equity capital of HeidelbergCement to support the acquisition of British cement maker Hanson using loans backed by shares as collateral.
Also in 2008, Merckle made a speculative investment based on his belief that Volkswagen shares would fall; however, in October 2008, Porsche SE's support of Volkswagen led to a short squeeze that sent shares on the Xetra dax from €210.85 to over €1,000 in less than two days.
It is believed that he lost as much as €500 million.
Adolf Merckle committed suicide on 5 January 2009 near his villa in Blaubeuren by throwing himself under a speeding train.
Merckle lived in Blaubeuren with his wife and four children, three sons and one daughter.
His passions were mountain climbing and skiing.
