Michael Herz (businessman)

Michael Heart ( born 1943 ) is a German entrepreneur. He is the third oldest son of Max Heart (1905-1965) and Inge Burg Herzberg. The Family Heart Belongs Tchibo Holding; several family members own shares.

In the 1980s, there were differences between Michael Herz and his older brother Günter; as a result different from Michael Herz from the company.

2002 Tchibo shares Reemtsma were sold for six billion euros. Thus, the payment of severance allowances to several heart - family members was made possible after a family dispute was the head of Tchibo almost blocked for some time. Günter Herz and his sister Daniela Heart Schnoeckle now retreated to a billion - severance from the line of Tchibo back, and Michael Herz was the largest shareholder.

Michael Herz bought and renovated the book wholesaler Libri and the florist flower in 2000, and he also prevented by its use the smashing of Beiersdorf AG. His investment in Escada turned out to be a failure and ended in bankruptcy.

He was one of 2003 with an estimated fortune of 5.1 billion euros of the ten richest people in Germany.