[1] Max Herz co-founded Tchibo in 1949 with Carl Tchilinghiryan.
In 2003, they bought out their brother, Günter, and sister, Daniela Herz-Schnoekel's 40% stake.
[1] According to Forbes, Herz has a net worth of $2.8 billion, as of May 2015.
[1] Herz is married with two children, and lives in Hamburg.
This German business-related biographical article is a stub.