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Axel Oberwelland & family
Rank #3020
GERMANYFood & BeverageCandy

Axel Oberwelland & family

Net Worth
$1.218B
0% (24h)
Axel Oberwelland, born in Bielefeld, Germany, on August 1, 1966, is the owner of August Storck KG, a major confectionery manufacturer. Succeeding his father in 2003, Axel leads the company known for brands like Werther's Original, Riesen, and Toffifee. He is a fourth-generation leader carrying on the family's legacy in the candy industry. The University of St. Gallen graduate has a current estimated net worth of 1.3 Billion USD, making him a prominent figure in the global food and beverage sector.

The Full Dossier

Early Life

Axel Oberwelland was born on August 1, 1966, in Bielefeld, Germany. He is the son of Klaus Oberwelland, who took over the family business in 1971, and the grandson of Hugo Oberwelland, who managed the company since 1921. Axel attended high school in Bielefeld, followed by a boarding school near St. Moritz, Switzerland. He pursued a business degree at the University of St. Gallen, Switzerland.

Rise to Success

Axel Oberwelland's career is rooted in the confectionery industry, specifically with August Storck KG, a company founded by his great-grandfather in 1903. He became the owner of the company in 2003, succeeding his father. Under his leadership, Storck has maintained its reputation for producing high-quality confectionery products, which are beloved globally. The company is known for brands such as Werther's Original, Riesen, and Toffifee.

Key Business Strategies

Axel Oberwelland's strategies have focused on internationalization and worldwide growth. Storck's products are sold in more than 100 countries. The company has continuously invested in its German production facilities, ensuring a technological edge and expanding its product range. Storck has also expanded its sales network, adapting to consumer tastes.

Philanthropy

In 1992, Axel's father, Klaus Oberwelland, established the Stork Foundation to preserve endangered stork populations.

Career Timeline

2003

Owner of August Storck KG

Took over ownership of August Storck KG, a confectionery manufacturer.

Philanthropic Impact

Environmental ConservationUndisclosed

Stork Foundation

Founded by Klaus Oberwelland to preserve endangered stork populations.

Wealth Trajectory