BillionaireNet
family
Josef Boquoi & family
Rank #2594
GERMANYFood & BeverageFrozen foods

Josef Boquoi & family

Net Worth
$1.382B
0% (24h)
Josef Boquoi, at 91 years old, is a German entrepreneur best known as the founder of bofrost, a leading frozen food company. His estimated net worth, primarily from his frozen food business, is approximately $1.4 billion. Boquoi's career began after completing a business degree and an apprenticeship in Hamburg, followed by a stint in his father's coffee- and grain-roasting business. In 1966, he launched bofrost, revolutionizing the food industry with its direct-to-consumer frozen food delivery model and establishing bofrost as a major player in the European market.

The Full Dossier

Early Life

Josef Boquoi was born in 1934. After completing a business degree and apprenticeship in Hamburg, he joined his father's small coffee- and grain-roasting firm in 1953.

Rise to Success

In 1957, Josef took over the business, and in 1966, he founded bofrost, which pioneered a direct-to-consumer distribution model for frozen foods. In 1969 the first refrigerated vans hit the streets of Germany. bofrost quickly expanded throughout Europe, delivering upwards of 1,000 different food items directly to consumers. Key to bofrost's expansion was the franchising model, introduced in the 1970s, which fueled rapid growth across various European countries. By 2013, bofrost had approximately 11,000 employees, 4 million customers and $1.4 billion in revenue. Bofrost is based in Straelen, Germany. In 2013, Josef Boquoi stepped down from the leadership of the bofrost*Familienstiftung.

Key Business Strategies

Boquoi's business model focused on the direct sale and delivery of frozen foods, utilizing a fleet of sales vehicles. This strategy eliminated intermediaries and allowed for direct customer interaction. The use of franchising played a critical role in the company's expansion across Europe.

Philanthropy

Josef Boquoi, through the Josef H. Boquoi-Stiftung, has demonstrated some philanthropic engagement, with the foundation's subsidiary Agrikultur GmbH operating agricultural businesses.

Career Timeline

2013

Stepped Down from Leadership

Gave up the leadership of the bofrost*Familienstiftung.

1969

Launched Refrigerated Vans

Launched bofrost's refrigerated vans in Germany.

1966

Founded bofrost

Founded bofrost, a direct-sales frozen food company.

1957

Took over the Business

Took over the family business in Issum.

1953

Joined Father's Business

Joined his father's small coffee and grain-roasting firm.

Philanthropic Impact

AgricultureNot Available

Josef H. Boquoi-Stiftung

Operates agricultural businesses.

Wealth Trajectory