Who is Heidi Horten?
She is the richest woman in Austria as she inherited a US$ 1 billion fortune from Helmut Horten. She was born in February 1941 in Vienna. She married Helmut Horten in 1966 at the age of 25, while he was 57. In 1987 she inherited a USD 1 billion fortune from him. She is the owner of the yacht Carinthia VII.
Heidi Horten Net Worth
Her net worth is now estimated at US$ 3.2 billion. She is considered to be the wealthiest Austrian.
Helmut Horten (1909 – 1987) was a German entrepreneur who built up the fourth-largest chain of department stores in Germany. Horten introduced Germany’s first supermarket after a visit to the United States. With the copied business model his group expanded rapidly.
In 1968 he floated his group on the Frankfurt Stock Exchange. At that moment Horten’s group had 25,000 employees and annual sales of USD 1 billion.
Sold his Company in 1972
In 1972 Horten sold his majority stake and retired from the business, which lost a great deal of value soon afterward. In 1994 the chain was bought by Kauhof Holding AG, and merged into the German retail group METRO AG in 1996.
Helmut Horten Foundation
Heidi Horten is Director of the Helmut Horten Foundation, which aims at supporting the health care system through financial contributions to medical research facilities, hospitals, and other health care institutions, as well as to individuals who are in need of medical care.
She has an amazing art collection. Known as the HH Collection. The collection includes the work of Francis Bacon and Andy Warhol. It is considered as one of the most important surveys on the innovative and progressive practices of the 20th-century Western art.
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