Boehringer, Von Baumbach Families

Estimated Wealth: $51.9 billion

Boehringer Ingelheim is a German pharmaceuticals company with more than 130 years of history. The Boehringer family, along with the Von Baumbachs, remain in control of the company several generations later. All told, these two families possess fortunes totaling just under $52 billion.

Hubertus Von Baumbach

The fortune is stemming from the global pharmaceutical company Boehringer Ingelheim one of the leading pharma companies worldwide. The company is one of the leaders in animal healthcare and offers a range of medicine especially regarding respiratory diseases. The company is still today private and not listed at the stock exchange. It made in 2018 a profit of 2.1 billion euros and reported revenue of almost 17,5 billion euros. More than 50.000 people are employed globally at the company. The revenues stem predominantly from human medicine (72%) and nearly a quarter from medicine for animals (23%).  It was found by Albert Boehringer in 1885 in Ingelheim, therefore, the name Boehringer Ingelheim. His father found in 1817 the drugstore Boerhinger in Stuttgart which later became the different chemical company Boehringer Mannheim operated by his brother but sold to the Engelhorn family.  Boehringer Ingelheim was a company of a bit more than 20 people at the beginning selling tartar and derivate products. Today the fortune of the family clan of the Boehringer von Baumbachs is estimated, according to Handelsblatt with 42,4 billion euros in the last year.