Friede Springer Net Worth is
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Friede Springer (born Friede Riewerts on 15 August 1942 in Oldsum on the island of FA?hr) is a German publisher and widow of Axel Springer.
Being a Frisian gardener's daughter, she worked as a nanny at the Springer family's home from 1965 on and later became Springer's lover and eventual partner. In 1978 she became Springer's fifth (and final) wife. She is a member of the Independent Evangelical-Lutheran Church in Germany.
After Axel Springer's death she, together with children and grandchildren from his prior marriages, inherited Springer's shares in his publishing trust. At the time, Springer was still holding 26.1 per cent of the corporation, the rest was held by the Bavarian film trader Leo Kirch, the Burda family and several minor investors. Subsequently she became manager of Axel Springer AG and sole executive manager of the Springer Holding.
Under her guidance, the Springer heirs bought back the company's shares from the two Burda brothers for about DM 531 million in 1988. Five years prior, the brothers had paid half that sum for their share. As Springer's children leaned up against her in the following years, she bought the family members out and thus took over their shares. In 2002, she (formally being the company's governing body) installed Mathias DA?pfner as the new chairman of the board. He led the Springer AG out of its crisis and dissolved the tight bond with Munich based entrepreneur Leo Kirch.
Friede Springer owns 7% of Springer AG's stocks, most of all though 90% of Axel Springer Gesellschaft fA 1/4 r Publizistik GmbH & Co., which in turn has a stake of 51.5% in Axel Springer AG. She acts as deputy chairperson of the board for Germany's second largest media group (with only Bertelsmann AG being bigger). After a merger with ProSiebenSat.1 Media AG the trust would have been on rank 24 of a worldwide list, yet such a motion could not pass a governmental commission's check for harmlessness of media conglomerates in Germany in January 2006.<

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Friede Springer Latest News

KKR nears 20% target for Axel Springer buyout

The move to take Axel Springer private involves KKR teaming up with Friede Springer, the 76-year-old widow of the company's founder, and CEO Mathias Doepfner. Friede Springer and Doepfner together ...
Posted: August 2, 2019, 4:14 am

KKR buyout at Axel Springer clears minimum acceptance threshold

Completion of the deal remains subject to various regulatory approvals. The U.S. private equity house, acting in concert with main shareholders Friede Springer and Doepfner, tendered to buy out ...
Posted: August 4, 2019, 11:19 pm

Springer heirs tender some shares in KKR buyout

KKR had already secured a 27.8% stake in Axel Springer via its offer of 63 euros per share, which has been extended on the same terms until Aug. 21. It has struck a five-year alliance with Friede ...
Posted: August 16, 2019, 3:59 am
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