| Net Worth | $2.6 billion |
|---|---|
| Salary | N/A |
| Birthdate | February 9, 1940 |
| Birthplace | Heidelberg, Germany |
| Gender | Male |
| Height | N/A |
| Profession | CEO of Hubert Burda Media |
| Nationality | German |
What is Hubert Burda’s Net Worth?
Hubert Burda, the German publisher, has an estimated net worth of $2.6 billion. As CEO of Hubert Burda Media, he has garnered his wealth through the company’s success in publishing over 300 magazines globally, including popular titles like Bunte and Focus in Germany.
Highlights
- Hubert Burda has a net worth of $2.6 billion.
- He is the CEO of Hubert Burda Media, overseeing the publication of more than 300 magazines worldwide.
- Burda holds a degree in Art History and Sociology from Ludwig Maximilians University of Munich.
- He is actively involved in various professional and philanthropic endeavors.
Early Life
Hubert Burda was born on February 9, 1940, in Heidelberg, Germany. He pursued his higher education at Ludwig Maximilians University of Munich, where he graduated with a degree in Art History and Sociology. This educational background would later contribute to his success in the media industry.
Career
After completing his studies, Hubert Burda took over his family’s publishing business, Hubert Burda Media. Under his leadership, the company expanded significantly, publishing a wide range of magazines and establishing a strong presence in the global media landscape.
Burda’s strategic approach and business acumen propelled Hubert Burda Media’s revenues to surpass $3.5 billion. In a move to secure the company’s future, Burda transferred 40% of the business to his children, Elizabeth and Jacob.
Not one to shy away from competition, Hubert Burda aims to compete with giants like Amazon, Apple, and Google rather than relying solely on German media groups like Axel Springer AG and Gruner+Jahr.
Personal Life
Hubert Burda is not only a successful businessman but also an active philanthropist. In memory of his son Felix who passed away from colon cancer at the age of 33, he established the Felix Burda Foundation. This foundation focuses on reducing the number of deaths from colon cancer in Germany.
Burda’s commitment to fostering innovation and interdisciplinary collaboration led to the establishment of the Burda Academy of the Third Millennium. This forum brings together thinkers and researchers to explore and address future challenges.
Additionally, Hubert Burda has made significant contributions to academia by establishing the Hubert Burda Centre for Innovative Communications at the Ben-Gurion University in Israel. This center serves as a hub for research and advancements in communications.
Net Worth Over Time
Hubert Burda’s net worth has seen significant growth over the years. As the CEO of a successful media empire, his wealth has been driven by the expansion of Hubert Burda Media and the accompanying increase in revenues.
While specific details of Burda’s net worth progressions are not available, it can be inferred that his stakes in various ventures, combined with the overall success of Hubert Burda Media, have contributed to his current net worth of $2.6 billion.
Components of Net Worth
Hubert Burda’s net worth primarily stems from his ownership and control of Hubert Burda Media, which publishes more than 300 magazines worldwide. The success and profitability of this expansive media portfolio have propelled his wealth accumulation.
Moreover, Burda’s net worth is also influenced by his strategic partnerships and investments, such as his shares in XING AG, Germany’s professional social network.
It is important to note that net worth fluctuations can occur due to changes in business ventures, market conditions, and asset valuations. However, Hubert Burda’s proven track record in the media industry and his entrepreneurial spirit suggest that his net worth is well-positioned for continued growth in the future.