Georg Haub

Georg Haub derives his fortune from Tengelmann Group, which began with a shop opened in Muelheim an der Ruhr in 1876.

Its retail operations are comprised of OBI DIY (home improvement); clothing and non-food discounter KiK; and dollar-store chain TEDi.

The group also invests in startups and is active in services (energy, plus audits and consulting), property management and real estate development.

Oldest brother Karl-Erivan had taken over as CEO after father Erivan Haub died in early 2018. Then Karl-Erivan went missing while on a ski tour.

With Karl-Erivan presumed dead, Georg’s younger brother, Christian, who had been overseeing Tengelmann’s U.S. venture portfolio, took over as CEO.