Who is Hubert Freidl?
Hubert Freidl is the founder of My World and the multi-level marketing company Lyoness. He was born on January 29, 1972. He is married to Silvia Freidl.
Lyoness is a multi-level marketing company. Lyoness operates an international, cross-sectoral shopping community, from which members and merchants presumably benefit through cashback discounts and customer loyalty programs. Lyoness members receive an 0.5% commission over the purchases made by the people they have introduced to Lyoness, as well as 0.5% over the purchases made by people those people introduced. Since 2014 the company uses the trademark name Lyconet.
Multi-Level Marketing (MLM) is a business model in which participants earn income from both their own sales of products or services, as well as the sales made by the people they recruit into the program. In MLM, participants act as independent contractors or distributors for a company, typically in the areas of health and wellness, cosmetics, household goods, or financial services.
MLM programs typically involve recruiting others to join the program as distributors, building a network or downline of distributors, and earning commissions on the sales generated by their downline. The commissions earned by participants can be based on the sales made by the participant and their downline, as well as bonuses for meeting certain performance goals.
He also founded myWorld Holdings, based in London. The company is active in the promotion and operations of a comprehensive Customer Relationship Management Program (“CRM”).
Hubert Freidl Net Worth
His net worth is estimated at $500 million. His assets include the multi-level marketing company Lyoness, a large yacht named SH Magic, a business jet, and a large real estate portfolio.
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