BillionaireNet
Diethelm
Beda Diethelm
Rank #1744
SWITZERLANDManufacturingHearing aids

Beda Diethelm

Net Worth
$2.253B
+0.23% (24h)
Beda Diethelm, a Swiss hearing aid magnate, has built a significant fortune through his long-term involvement with Sonova Holding AG, a leading manufacturer of hearing aids. With a net worth of $2.5 billion, Diethelm's wealth primarily stems from his substantial stake in Sonova, where he is the largest individual shareholder. His career began in the electronics field, eventually leading him to a pivotal role within the company, where he acquired a stake in 1980. Diethelm's journey exemplifies a career that began in electronics and blossomed into a significant position within the healthcare industry, achieving financial success through strategic investments and a deep understanding of the hearing aid market.

The Full Dossier

Early Life

Beda Diethelm was born in the small Swiss village of Galgenen in 1941. His early interest in electronics led him to train as an apprentice for a radio and TV technician in Zurich. This early experience laid the groundwork for his future career in the hearing aid industry.

Rise to Success

Diethelm's career took a significant turn when he joined what would become Sonova (originally AG für Elektroakustik) in 1965. By 1962, he was already the head of production and technical director of Bommer, a Zurich-based supplier of hearing aids. Diethelm's commitment and insight were recognized when he received a stake in the company in 1980, after the death of Ernst Rihs. With the company's name change in 2007 to Sonova Holding AG, Diethelm, along with the Rihs brothers, played a crucial role in growing the business to its current stature.

Key Business Strategies

Diethelm's long-term perspective and focus on Sonova's growth have been central to his wealth accumulation. The company’s expansion and innovation in the hearing aid and cochlear implant sectors, including the development of waterproof implants, have been key to its market success. His consistent shareholding demonstrates a belief in the long-term value of Sonova, capitalizing on the increasing global demand for hearing aids.

Philanthropy

While specific details on Diethelm’s philanthropic activities are not widely publicized, his contribution to the hearing aid industry indirectly benefits millions through improved hearing solutions. The development and accessibility of advanced hearing aids are significant contributions to public health and well-being.

Career Timeline

2007

Sonova Holding AG was formed

Phonak Holding AG changed name to Sonova Holding AG.

1985

Phonak Holding AG was founded

Phonak Holding AG was founded as a holding company for the Phonak Group.

1980

Became a Shareholder

Received a stake in the company, becoming a significant shareholder.

1965

Joined Sonova (then AG für Elektroakustik)

Began his career with the company that would later become Sonova.

1962

Head of Production and Technical Director

Served as head of production and technical director of Bommer, a global supplier of hearing aids.

Wealth Trajectory