Who is Eric Wittouck?
Eric Witthouck is the founder of Artal Group SA. He is a heir to the Tiense Suyker fortune. He was born on October 5, 1946. He is married to Mayu Wittouck.
Eric was in his thirties when, as an only child, he inherited the assets of his deceased parents. He became a major shareholder in Tiense Suiker.
In the 1980s he sold the company to the German sugar company Südzucker for roughly $1.5 billion.
Artal is an investment group, which owns a portfolio of companies worth more than $ 10 billion.
In 2018 he sold his shares in organic animal nutrition group Blue Buffalo to General Mills for $8 billion. His profit was $3.5 billion.
Other investments include praline maker Neuhaus, the fast-food chain Pizza Hut and the Ghent biotech company Plant Genetic Systems.
After several smaller but successful investments, he bought the diet company Weight Watchers for more than $700 million in 1999.
TV celebrity Oprah Winfrey bought 10 percent of the shares in 2015. He earned billions with his investment and still owns 20% of the Weight Watchers shares.
Eric Wittouck Net Worth
His net worth is estimated at more than $ 10 billion.
Eric Wittouck (forbes.com)
Eric Wittouck is de nieuwe ‘Rijkste Belg’ – De Standaard
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