What is Hubert Burda's Net Worth?
Hubert Burda, born on February 9, 1940, in Heidelberg, Germany, is a prominent German publisher with a net worth of $2.6 billion. He earned his vast fortune as the CEO of Hubert Burda Media, which publishes more than 300 magazines globally, including popular titles like Bunte and Focus in Germany.
Career and Achievements
Hubert Burda holds a degree in Art History and Sociology from Ludwig Maximilians University of Munich. His career is marked by significant contributions to the publishing industry and various leadership roles:
- President: Verband Deutscher Zeitschriftenverleger (Association of German Magazine Publishers)
- Co-founder: European Publisher Council (EPC)
- Chairman: Council of Ludwig Maximilians University
- Consul Member: World Economic Forum (WEF)
In 2012, he increased his shares in XING AG, Germany's professional social network, to over 59%.
Business Strategies and Philanthropy
Under Burda's leadership, the company's revenues soared to over $3.5 billion. He made a strategic move by transferring 40% of the company to his children, Elizabeth and Jacob. His vision includes competing with global giants like Amazon, Apple, and Google, rather than sticking to local competitors Axel Springer AG and Gruner + Jahr.
An active philanthropist, Burda founded the Felix Burda Foundation in memory of his late son, Felix, who died of colon cancer at the age of 33. The foundation's mission is to reduce deaths from colon cancer in Germany. Additionally, Burda established the Burda Academy of the Third Millennium, an interdisciplinary forum for thinkers and researchers, and the Hubert Burda Centre for Innovative Communications at Ben-Gurion University in Israel.
