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Erich Kellerhals Net Worth

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Erich Kellerhals net worth & biography:

A novice to the billionaires’ groups, Mr. Kellerhals is one of the creators of the electronic equipment retail giant Media Saturn GmbH. Based in Ingolstadt, Erich Kellerhals teamed up with two associates to set up the business in 1979. A couple of years after, the threesome sold the majority of the position to Kaufhof, which later fused with retail giant Metro. In January 2013, Metro purchased the remainder 3% possessed by among Kellerhals’ cofounders for about $310 million. At that time, the whole business was valued at around $10.5 billion (7.7 billion euros). Therefore, the acquisition made Metro’s share in the business jump to more than 78%. Nevertheless, Metro and Kellerhals have kept a strained relationship. Kellerhals even took part of a court fight above a struggle about the organization ‘s administration.

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