BillionaireNet
Toeller
Torsten Toeller
Rank #2265
GERMANYFood & BeveragePet food

Torsten Toeller

Net Worth
$1.659B
0% (24h)
Torsten Toeller, born in 1966, is a German entrepreneur and investor, best known as the founder of Fressnapf, a leading European pet supply retailer. With an estimated net worth of $1.6 billion, Toeller's wealth stems primarily from his stake in the pet food industry. His career began with an apprenticeship in retail, followed by studies and experiences in the USA that inspired the creation of Fressnapf in 1989. Over the years, Toeller has transformed Fressnapf into a major player in the pet industry, employing over 20,000 people across Europe and expanding into 15 countries. Beyond business, Toeller is known for his interest in innovation and his support for animal welfare initiatives.

The Full Dossier

Early Life

Torsten Toeller was born in Cologne, Germany, in 1966. After completing his schooling, he undertook an apprenticeship in retail. He gained practical experience in the industry and expanded his knowledge through study trips, especially in the USA, where he learned about the business model of pet supply stores.

Rise to Success

In 1989, Torsten Toeller founded the first Fressnapf store in Erkelenz. The business model was based on the concept of offering a wide range of pet supplies and pet food in large-area markets, a novel approach in Germany at the time. Toeller combined low prices with a large product selection and a focus on customer service. The success of the first store led to expansion. In 1992, Fressnapf began awarding franchise licenses, allowing the company to grow rapidly.

Key Business Strategies

Toeller is considered a pioneer in the pet supplies trade in Europe. Under his leadership, Fressnapf has consistently focused on innovation, including introducing private labels and developing an omnichannel ecosystem. In 2024, Fressnapf's total turnover is expected to reach nearly €4.8 billion. Fressnapf's strategy includes a focus on aggressive pricing, multi-packs, and well-trained staff. The company has also restructured its headquarters in Krefeld, Germany, to create an international support center to strengthen local teams across Europe.

Philanthropy

Torsten Toeller is known for his interest in animal welfare projects and supports initiatives that promote the well-being of pets. Fressnapf also supports animal shelters.

Career Timeline

2024

Record Sales and Expansion

Fressnapf achieved record sales and expanded internationally, with international sales surpassing German sales for the first time.

2003

Entrepreneur of the Year

Toeller received the Entrepreneur of the Year award for his accomplishments with Fressnapf.

1992

Franchise Expansion

Fressnapf began expanding through franchise stores, accelerating the company's growth.

1989

Founded Fressnapf

Torsten Toeller founded Fressnapf, a pet supply store, in Erkelenz, Germany, launching his career in the pet industry.

Philanthropic Impact

Animal WelfareUndisclosed

Animal Welfare Support

Supports initiatives that promote the well-being of pets and donates pet food to shelters.

Wealth Trajectory