Walter P.J. Droege
Walter Droege is a German billionaire businessman, who is the founder and CEO of Droege International Group. Walter Droege founded Droege International Group AG, which provides restructuring and turnaround advisory services, in 1988 in Düsseldorf, Germany. As of April 2019, Droege’s net worth was $10.1 billion.
- Walter P.J. Droege and wife Hedda im Brahm-Droege founded Droege Group in 1988. It is one of the world’s largest advisory and investment practices.
- Droege Group has a hybrid business model, providing expertise to consulting clients and making “buy-and-build” investments, which is now its focus.
- By providing capital, management resources and “value-add” know-how, it follows an “Entrepreneurship-as-a-Service” principle in engaging with clients.
- In 2018, Ernest-W. Droege, the couple’s eldest son, joined the management board and succeeded his father as CEO.
- Droege Group is active in 30 countries and generates around $12 billion in annual revenue.
