Ralph Sonnenberg Net Worth is$1.6 Billion
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Profession: Businessperson
Ralph Sonnenberg net worth: Ralph Sonnenberg is a Dutch billionaire who has a net worth of $1.6 billion. Ralph Sonnenberg runs the Hunter Douglas Group that sells window coverings and architectural products, Sonnenberg eventually turned into a blinds baron. The group, which is the main source of his wealth, was founded by his father in 1919 as a machine-tool manufacture that ultimately started developing a new technology for the production of lightweight aluminum slats for Venetian blinds. The business did well and the growing company was the main supplier to the tallest man-made creation in the world, the Burj Khalifa tower in Dubai. Nowadays, Ralph Sonnenberg is the CEO and owns more than 80% of the firm's shares. He is married with three children, two of which (his sons Marko and David) are actively involved in the family business.
Hunter Douglas N.V. (Euronext:HDG) is a Dutch public corporation and major worldwide manufacturer of window coverings and architectural products. The company is considered "the world's leading maker of window blinds and coverings". It has been a successful worldwide business for decades, and its CEO, Ralf Sonnenberg, who owns 80% of the company's stock, is estimated to be worth $1.55 billion, making him one of the richest men in the Netherlands.
Hunter Douglas has its head office in Rotterdam, the Netherlands, and a management office in Lucerne, Switzerland. The company is composed of 167 companies with 68 manufacturing and 99 assembly plants and marketing organizations in more than 100 countries. Hunter Douglas employs about 17,000 people.
In 1919, Henry Sonnenberg founded a machine tool distribution company in DA 1/4 sseldorf, Germany. His company later began manufacturing machine tools. In 1933 he moved his business to the Netherlands as a result of the Nazis coming to power and established a machine tool operation. In 1940 he moved to the United States where he founded the Douglas Machinery Company.
In 1946, Sonnenberg established a joint venture with Joe Hunter which developed a "novel continuous casting process for the production of aluminum strip and related rolling and coating processes". This led to the production of lightweight aluminum slats for Venetian blinds. The Hunter Douglas Corporation was established in the United States in 1947.
In 1956, policy differences led to the sale of the U.S. business. Henry Sonnenberg moved Hunter Douglas' headquarters to Montreal, Canada as Hunter Douglas Ltd. Using his European machinery business as a base, Sonnenberg concentrated on building the window covering business outside the United States. Hunter Douglas expanded its operations in Europe and into Australia, New Zealand and Latin America.
In 1969 the Hunter Douglas Group went public, and its shares were listed on the Montreal and Amsterdam Stock

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