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Viessmann
Martin Viessmann
Rank #1392
GERMANYManufacturingHeating and cooling equipment

Martin Viessmann

Net Worth
$3.043B
+0.15% (24h)
Martin Viessmann is a German billionaire businessman, currently serving as the Chairman of the Executive Board of Viessmann Generations Group. His source of wealth comes from heating and cooling equipment, an industry in which he has been a prominent figure. Born in 1953 or 1954, Viessmann has a net worth of $3.0 Billion. His career has been marked by his leadership in the family-owned Viessmann Group, transforming it into a global leader in sustainable climate technologies. Viessmann has also been recognized for his philanthropic efforts and commitment to environmental sustainability.

The Full Dossier

Early Life

Martin Viessmann was born in Allendorf, Germany, in either 1953 or 1954. He is the son of Hans Viessmann and the grandson of Johann Viessmann, who founded the Viessmann Group in 1917. He earned a diploma from the University of Erlangen.

Rise to Success

Viessmann's career is centered on the Viessmann Group, a leading manufacturer of heating systems and climate control solutions. He joined the family business after completing his studies in 1979. Under his leadership, the company expanded globally, with 23 production sites in 12 countries and a workforce of 14,500 employees as of 2022. He has been a key figure in decarbonizing heating systems, focusing on sustainability in product design and operations. In 2023, the Climate Solutions business division was sold to Carrier Global for €12 billion.

Key Business Strategies

Viessmann focused on innovation, sustainability, and international expansion. He emphasized the development of energy-efficient climate solutions, including heat pumps and renewable energy systems. He also spearheaded the company's digital transformation, including digital platforms for energy management. In 2022, the Viessmann Group's revenue reached €4 billion, a 19% increase over the previous year.

Philanthropy

Viessmann and his wife Annette have been involved in philanthropy, creating the Viessmann Foundation. The foundation supports initiatives in climate action, health, education, and democracy. In 2025, the Viessmann Foundation donated €500,000 to support eight grassroots organizations in Germany. In 2025, the foundation committed to a €1,000,000 donation to Water.org over three years.

Career Timeline

2023

Climate Solutions Business Sale

Sold the Climate Solutions business division to Carrier Global for €12 billion.

2013

Greentech Manager of the Year

Recognized by Greentech Media for advancing green technologies within the heating and cooling sector.

1992

Became CEO

Took over the sole managerial control of the company from his father, Hans Viessmann.

1979

Joined Viessmann Group

Began his career in the family-owned heating systems manufacturer after completing his degree.

Philanthropic Impact

Climate Action, Education, Health$1.1M

Viessmann Foundation

Supports initiatives in climate action, health, education, and democracy.

Health and Sustainability$1.1M

Donation to Water.org

Committed a donation over three years to expand access to safe water and sanitation.

Democracy$541K

Support for grassroots organizations

Donated to eight grassroots organizations in Germany.

Wealth Trajectory