Early Life
Maximilian von Baumbach was born into the von Baumbach family in Germany. The family is connected to Boehringer Ingelheim, one of the largest privately-held pharmaceutical companies globally.
Rise to Success
Maximilian's wealth stems from his inheritance within Boehringer Ingelheim. Boehringer Ingelheim was founded in 1885, and the family has been involved with the company for generations. The company is a major player in the pharmaceutical industry, with products that address conditions like COPD and diabetes.
Key Business Strategies
Boehringer Ingelheim's strategy emphasizes research and development. The company invests significantly in innovation. As a private company, it is shielded from short-term market pressures.
Philanthropy
The Boehringer and von Baumbach families are dedicated to philanthropic causes. The Boehringer Ingelheim Foundation supports scientific research and education.
