BillionaireNet
family
D
Rank #692
GERMANYFashion & RetailDrugstores

Dirk Rossmann & family

Net Worth
$5.764B
+0.16% (24h)
Dirk Rossmann is a German billionaire businessman and author, best known as the founder of Rossmann, Germany's second-largest drugstore chain. Born in 1946 in Hanover, Germany, Rossmann opened his first self-service drugstore in 1972, revolutionizing the industry. His career has been marked by innovative strategies, including the early adoption of private-label brands and the expansion into Eastern European markets after the fall of the Iron Curtain. With a current net worth of $5.5 billion, Rossmann's wealth stems from his drugstore empire, making him a prominent figure in the retail sector. He handed over operational duties of the group to his younger son, Raoul, in September 2021, while remaining involved in the company's advisory board and philanthropy.

The Full Dossier

Early Life

Dirk Rossmann was born in Hanover, Germany, in 1946. His parents operated a small drugstore, which instilled in him an early understanding of the retail business. After completing his education and training as a druggist, Rossmann decided to venture out on his own, driven by the ambition to establish his own business.

Rise to Success

In 1972, at the age of 25, Dirk Rossmann founded Rossmann, opening the first self-service drugstore in Germany. This innovative concept, offering a wide variety of products at competitive prices, quickly gained popularity. Rossmann expanded the business, and it grew to 100 stores by 1982. The company's expansion continued throughout the 1980s and into the 1990s, with significant growth in Germany and entry into international markets, beginning in Poland in 1993. Rossmann's company expanded into Eastern Europe after the fall of the "Iron Curtain."

Key Business Strategies

Rossmann's success is attributed to several key strategies. One of them was the implementation of private-label products. The company was also quick to embrace the digital age, launching online sales early. Furthermore, the company's commitment to sustainability and employee involvement has played a significant role. In 2024, Rossmann achieved record revenues of €15.3 billion, reflecting a 10.2% increase. Rossmann continues to open new stores, with 330 planned in 2025.

Philanthropy

Dirk Rossmann has been involved in philanthropic endeavors, supporting programs focused on family planning and development. He is also known for supporting social programs and environmental causes, showing his commitment to social responsibility. He founded Deutsche Stiftung Weltbevölkerung in 1991 focused on family planning.

Career Timeline

2021

Transition of Leadership

Handed over operational duties to his son, Raoul.

1993

International Expansion

Opened the first Rossmann stores in Eastern Europe, in Poland and Hungary.

1982

Market Leader

Became the market leader in northern Germany with 100 retail outlets.

1972

Founded Rossmann

Opened the first self-service drugstore in Hanover, Germany.

Philanthropic Impact

Family PlanningUndisclosed

Deutsche Stiftung Weltbevölkerung

Foundation focused on family planning, primarily in East Africa.

Various$20M

Donations to projects

Projects in the areas of food security, health, education and climate change.

Wealth Trajectory