Wolfgang Herz was born to Max and Ingebug Herz in 1950, in Germany. Max Herz along with Carl Tchilinghiryan founded Tchibo - a German chain of coffee retailers and cafe also known for including a variety of other products. After the passing away of Max Herz, Tchibo is now owned by his wife Ingebug, and two of their sons Michael and Wolfgang. Wolfgang Herz holds about 34% stake amounting to $5.7 billion. As of January 2015, according to Forbes, Wolfgang Herz’s net worth is $4.1 billion.
Not much is known about Wolfgang Herz’s childhood and early career. His fortune was passed down from his father. Thus Wolfgang and his brother Michael made it their responsibility to keep their father’s company prestigious.
Wolfgang Herz serves as a member of the management board of Participia Holding GmbH, Norderstedt Wolfgang Herz, and has been a Member of Supervisory Board at Maxingvest AG (formerly TCHIBO Holding AG) since December 21, 2001. He also served as a Member of Supervisory Board at Escada AG and a Member of Advisory Board at Deutsche Apotheker-und Aerztebank eGmbH.