Curt Engelhorn & family Net Worth

Curt Engelhorn & family was born on May 25, 1926 in Germany. Curt Engelhorn, a German billionaire, pharmaceutical business leader and the great-grandson of the founder of German chemical company BASF, passed away at age 90 in October 2016. Engelhorn studied chemical engineering in Texas after World War II before taking the helm of a small family business, Boehringer Mannheim. He ran the company for 36 years, expanding its biochemical and pharmaceutical operations while also transforming it into one of the world's leading makers of medical diagnostic tests. In 1997, through a tax-advantaged Bermuda holding company, he initiated the sale of Boehringer Mannheim to Roche for $11 billion. As part of the deal, finalized in 1998, Roche also acquired Boehringer's interest in DePuy, a leading manufacturer of artificial joints and orthopedic products. Engelhorn walked away with an estimated $4.1 billion. His family made news in Germany in early 2016 when it became public that two of his daughters were accused of not having paid taxes on real estate and money they had been given by their father. The family agreed to a deal with German authorities requiring them to repay taxes in the amount of about $150 million and fines of about $5 million. Engelhorn, whose mother was American, is survived by his fourth wife, Heidemarie, and five children. His philanthropic activities included sponsoring disease research and the Heidelberg Center for American Studies at the University of Heidelberg.
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