| Net Worth: | $3.2 Billion |
Michael Pieper Net Worth: Michael Pieper is a Swiss businessman who has a net worth of $3.2 billion. New to the billionaire lists, Mr. Pieper is the president and owner of the Artemis Group, a government relations and business consulting group that controls the Franke Group. The latter is based in Aarburg, Switzerland, where it’s become one of the largest makers of sinks, cooker hoods and cooking appliances. It was in 1975 that Michael’s father acquired Franke, whereas Michael took over the helm in 1988. Under Michael’s guidance, the company expanded in Eastern Europe, Asia, South & North America and Africa. Michael’s son, Alex, is also active in the business as the managing director of Franke’s unit in Ras Al Khaimah, United Arab Emirates. As for the Artemis Group, it has a vast real estate portfolio that includes possessions in Switzerland and abroad, as well as a majority share in the Feintool Group that specializes in precision cutting and automation technology. Apart from the above, Pieper serves as a board member of several Swiss companies like flooring and manufacturing company Forbo, textile machinery maker Rieter and Berenberg Bank.