Early Life
Kevin David Lehmann was born in Germany in September 2002. His family has a history in the business world, with his father, Guenther Lehmann, investing in dm-drogerie markt in 1974.
Rise to Success
Kevin's path to becoming a billionaire started when his father transferred a 50% stake in dm-drogerie markt to him in 2017, when he was only 14 years old. This stake was held under a trusteeship until he turned 18, at which point he gained full control. The company, founded in 1973, has grown to over 4,000 stores across Europe.
Key Business Strategies
The success of dm-drogerie markt is attributed to its employee-centric philosophy, emphasizing employee well-being. The company focuses on offering high-quality products at competitive prices.
Philanthropy
While specific philanthropy amounts are unavailable, the company's philosophy prioritizes employee well-being and social responsibility. Goetz Werner, the founder of dm, transferred his 50% of the company to a charitable foundation.