BillionaireNet
Hector
Hans-Werner Hector
Rank #1501
GERMANYtechnologySAP

Hans-Werner Hector

Net Worth
$2.652B
0% (24h)
Hans-Werner Hector, born in 1940, is a German entrepreneur, mathematician, and a co-founder of SAP, a leading technology company. His career began with IBM before he recognized the potential of enterprise software, leading him to establish SAP in 1972. Hector oversaw the development of SAP's US business after the IPO. His estimated net worth is $2.6 billion, primarily derived from his stake in SAP. He is known for his contributions to the technology industry and his philanthropic endeavors, particularly in supporting education and scientific research. He sold a large portion of his SAP shares in 1996, after which he invested in various startups, biotechnology, and health companies.

The Full Dossier

Early Life

Hans-Werner Hector was born on January 17, 1940, in Kaiserslautern, Germany. He studied mathematics at the University of Saarland, graduating with a degree in 1966.

Rise to Success

Hector began his career at IBM in Mannheim. It was during this time that he and his colleagues recognized the potential of standard software for business management. In 1972, he co-founded SAP (Systems, Applications & Products in Data Processing) with Hasso Plattner, Klaus Tschira, Dietmar Hopp, and Claus Wellenreuther. SAP was initially focused on developing enterprise resource planning (ERP) software, and it quickly grew into a global leader. After the IPO, Hector oversaw the development of SAP's US business.

Key Business Strategies

A key to SAP's early success was its commitment to providing standardized software packages for real-time data processing and reporting. The company responded to the internet and new economy by launching its mySAP.com strategy. SAP expanded into mobile technology, database technology, and cloud. To facilitate this, SAP acquired several competitors, including Business Objects and Ariba.

Philanthropy

Hans-Werner Hector and his wife, Josephine, are known for their philanthropic activities. They established the H.W. & J. Hector Foundation, which supports art and culture, promotes health, assists the socially disadvantaged, and, most notably, funds science and education. In 2003, he received an honorary doctorate from the University of Karlsruhe for his contributions to the Hector Seminars, which he initiated. The Hectors have donated millions to various causes, including the renovation of a city museum.

Career Timeline

2003

Honorary Doctorate

Awarded an honorary doctorate by the University of Karlsruhe for his services to the Hector Seminars.

1996

Sold SAP Shares

Sold a significant portion of his SAP shares.

1972

Co-founded SAP

Co-founded the software company SAP with four other IBM employees.

Philanthropic Impact

Education and ScienceUnknown

H.W. & J. Hector Foundation

Supports art, culture, health, aid for the socially disadvantaged, science, and education.

Wealth Trajectory