Age, Biography and Wiki

Thomas Middelhoff was born on 11 May, 1953 in Düsseldorf, North Rhine-Westphalia, West Germany, is a German retired corporate manager (born 1953). Discover Thomas Middelhoff'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 70 years old?

Popular As Thomas Middelhoff
Occupation Business executive, consultant
Age 70 years old
Zodiac Sign Taurus
Born 11 May 1953
Birthday 11 May
Birthplace Düsseldorf, North Rhine-Westphalia, West Germany
Nationality Germany

We recommend you to check the complete list of Famous People born on 11 May. He is a member of famous Business executive with the age 70 years old group.

Thomas Middelhoff Height, Weight & Measurements

At 70 years old, Thomas Middelhoff height not available right now. We will update Thomas Middelhoff'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

Who Is Thomas Middelhoff's Wife?

His wife is Cornelie Middelhoff Deborah Gottlieb (m. 2021)

Family
Parents Not Available
Wife Cornelie Middelhoff Deborah Gottlieb (m. 2021)
Sibling Not Available
Children 5

Thomas Middelhoff Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Thomas Middelhoff worth at the age of 70 years old? Thomas Middelhoff’s income source is mostly from being a successful Business executive. He is from Germany. We have estimated Thomas Middelhoff'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 Business executive

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Timeline

1953

Thomas Middelhoff (born 11 May 1953 ) is a German corporate manager.

1986

In 1986 he moved to Bertelsmann, a multinational media corporation based in Germany, as assistant manager of the graphic firm in Gütersloh.

1987

He received his doctorate in 1987 from Bruno Tietz at the University of Saarbrücken with a thesis on the integrated planning of communication systems: illustrated by the introduction of Btx in retail-oriented branch systems and cooperative groups.

1989

A year later he became managing director of the subsidiary Elsnerdruck in Berlin, and in 1989 managing director of Mohndruck.

1990

In 1990, he became a member of the board of directors of Bertelsmann.

1994

From 1994 to 1998, he was a member of the Executive Board of Bertelsmann AG, until he then served as CEO of the Bertelsmann media group from November 1998 to July 2002.

In 1994 he was appointed to the Executive Board of Bertelsmann AG and took over management of corporate development and coordination of the multimedia business, where he was responsible for the strategic realignment of the group in the field of electronic entertainment.

Middelhoff recognized the potential of the new digital media early.

He made small investments into the company Pixelpark in Berlin among others, on Bertelsmann's behalf.

This was followed by further investments in Lycos and Mediaways.

As an early believer in the rapid development of the Internet, he suggested a large financial participation of Bertelsmann in America Online (AOL) when it was still a young company, and created the joint venture AOL Europe, with a financial holding of $50 million for a 5% stake.

This investment was extremely successful and would later influence Middelhoff's ascent in the company to CEO and chairman of the board.

1995

In May 1995, he became a member of the governing board of AOL, and during his time in this position Middelhoff became a "close friend" of AOL's founder, Steve Case.

In 1995, Bertelsmann and AOL started the joint venture AOL Germany.

1998

From November 1998 to July 2002, Middelhoff was the CEO of Bertelsmann.

During this time he built up the RTL Group, today the largest operator of advertising-financed commercial television and radio in Europe.

2000

Besides his position at the Bertelsmann group, Middelhoff has also been a member of the Board of Trustees of the non-profit Bertelsmann Stiftung, too (2000–2002).

2001

But Bertelsmann soon stepped back from these online engagements, selling its shares of AOL-Europe back to Time Warner and sold the 50% stake for 7.6 billion euros in cash, which had merged with AOL in 2001.

2002

In 2002, he was Head of Corporate Investments in Europe for Investcorp International Ltd until May 2005.

He expanded the book division into the world market leader by purchasing Random House and intensified the company's Internet activities by starting the online media portal BOL (Bertelsmann Online), which was sold to Buch.de Internetstores in 2002.

In addition, he was responsible for a planned joint venture with Amazon, which did not receive the approval of the majority on Bertelsmann's Executive Board.

2003

Beginning in 2003, Middelhoff coordinated the European affairs of the holding company Investcorp.

The German businesses of the corporation included and Callahan.

Since 2003 Middelhoff has also been a member of the board of The New York Times Company responsible for the compensation committee.

2004

After APCOA Parking was taken over by Investcorp in 2004, he was appointed to its supervisory board.

As a confidant of Madeleine Schickedanz, he became the chairman of KarstadtQuelle AG's supervisory board in June 2004 and its CEO in May 2005.

2005

From May 2005 to February 2009, Middelhoff then took over as Chairman of the Board of Management of the retail group Arcandor (previously KarstadtQuelle).

After Arcandor, Thomas Middelhoff founded the investment company BLM (Berger Lahnstein Middelhoff & Partners LLP) in London with Roland Berger and Florian Lahnstein.

The spin-off Pulse Capital Partners LLC emerged from this company.

Middelhoff grew up as the third of five children in a Catholic family in Düsseldorf and Ratingen.

His father worked as a sales representative in his uncle's textile factory.

He studied business at the University of Münster and received his doctorate at the Institute for Marketing under the supervision of Heribert Meffert.

While at university, he was already working in his father's textile business.

After graduating he was given a high post in the company.

2007

KarstadtQuelle was renamed Arcandor in 2007.

Middelhoff pushed through the renaming of KarstadtQuelle as Arcandor and divided the operational business into the three core areas of department store (Karstadt), mail order (Primondo) and tourism (Thomas Cook).

When he joined the company, the share price was 7.60 euros and peaked in 2007 at around 29 euros.

Due to the expansion of the tourism business, sales rose to 21 billion euros in 2007 and equity grew.

Since 2007, Middelhoff was Chairman of the Supervisory Board of the Thomas Cook Group, the world's second largest tourism company, in which Arcandor held 52% of the shares.

2009

Middelhoff was removed from his position as CEO of Arcandor and Thomas Cook Group in March 2009.