Stephan Schmidheiny Net Worth is$3 Billion
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Date of Birth: 1947
Country: Switzerland
Stephan Schmidheiny net worth: Stephan Schmidheiny is a Swiss businessman who has a net worth of $3 billion. Stephan Schmidheiny is a fourth generation member of the most important industrial dynasty in Switzerland. Schmidheiny began his career at the company he had inherited; Eternit Niederurnen. The young graduate lawyer entered Eternit at the age of 29 and took over its leadership in 1976, when he was named CEO of the Swiss Eternit Group. But as the largest shareholder (via Swiss Eternit Group) in the public company Eternit Italia, Schmidheiny has entered a lengthy criminal trial related to alleged asbestos-related illnesses. Together with another shareholder, Schmidheiny was sentenced to 16 years in prison and was provisionally ordered to pay compensation to former workers and residents who lived nearby the plants, even though he ended the company?s use of asbestos in 1986. Fifteen years later, he has quit all his executive functions and placed the leadership of the family holding in new hands, as well as he arranged the settlement of his inheritance. What's more, in 2003 Schmidheiny donated all shares of his forestry firm Grupo Nueva to his Viva Trust, whose profits are used to promote causes like sustainability and education. When it comes to his private life, he is a married man and a father of four who favors collecting art, especially of contemporary painters Richter and Warhol.
Stephan Ernest Schmidheiny (born in 1947 in St. Gallen, Switzerland) is a Swiss business an and billionaire. He was recently convicted of gross negligence in the highly publicized trial relating to the exposure of customers and employees of Eternit to asbestos.
Schmidheiny was born in St. Gallen, Switzerland, in 1947 as a fourth generation member of the most important industrial dynasty in Switzerland and completed his Law studies with a doctorate at the University of Zurich in 1972. He started his business career at Eternit Niederurnen he had inherited and in 1976 he was named CEO of the Swiss Eternit Group. According to his brother Thomas Schmidheiny, their father Max decided to divide his industrial empire into two halves : asbestos for Stephan, cement for Thomas.
According to his official biography, he ended the companyA?s use of asbestos in 1986. Years later he diversified his investments, building up a multinational conglomerate of shareholdings by adding enterprises in the areas of forestry, banking, consumer goods, power generation, and the electronic and optical equipment. During this period he shaped many industries and became a renowned industrial architect. In recognition of this role, he became a member of the boards of directors of leading companies such as ABB Asea Brown Boveri, NestlA(C), Swatch, and UBS AG.
In the 1980s he created FUNDES, an organization that supports the development of small and medium-sized enterprises in several Latin American countries. According to recent Swiss accounts, Stephan Schmidheiny began buying Chilean forest land in 1982, and he now owns over 120,000 hectares in Southern Chile, near Concepcion, landwhich the Mapuche Indians claim has been theirs since time immemorial. The Mapuche charge that some of the land Schmidheiny bought was stolen from them during the Pinochet dictatorship, using that regime's standard techniques of intimidation, torture, and murder.
In 1990 he was appointed chief adviser for busine

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Stephan Schmidheiny Latest News

Petition asks Yale to consider revoking honorary degrees to billionaire, Cosby

NEW HAVEN >> A petition signed by 37 alumni asks Yale University President Peter Salovey to create an independent faculty committee to consider revoking the honorary degrees granted to Swiss industrialist Stephan Schmidheiny and to comedian Bill Cosby.
Posted: May 3, 2016, 4:14 pm

Stephan Schmidheiny: Environmental Life

1972: Law degree from University of Zurich. 1976: Takes over management of Swiss Eternit Group from his father and immediately convenes top managers in Germany for a three-day meeting to discuss asbestos findings. 1984: Becomes owner of Swiss Eternit Group.
Posted: October 17, 2013, 5:00 pm

Swiss billionaire gets 18 years jail for Italian asbestos deaths

Stephan Schmidheiny, found guilty of negligence that led to more than 2,000 asbestos-related deaths, was also ordered to pay millions of euros in damages to local authorities, victims and their families by an appeals court in Turin. The former owner of ...
Posted: June 3, 2013, 9:57 am
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