Thomas Schmidheiny

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Thomas Schmidheiny
Born 1945 (age 7273)
Residence Klosters, Switzerland [1]
Nationality Swiss
Alma mater Tufts University
Zurich Polytechnic
Occupation Major shareholder of LafargeHolcim
Net worth US$4.5 billion (January 2017) [2]
Spouse(s) married
Children 4
Parent(s) Max Schmidheiny
Relatives Stephan Schmidheiny (brother)

Thomas Schmidheiny (born 1945) [3] is a Swiss entrepreneur, former chairman of Holcim, the cement manufacturer. He is listed by Forbes magazine as the 527th richest person in the world as of 2016, when his net worth was estimated at US$4.1 billion. [2]

Holcim building materials and aggregates company

Holcim is a Swiss-based global building materials and aggregates company. Founded in 1912, the company expanded into France and then throughout Europe and Middle East during the 1920s. They expanded in the Americas during the 1950s and went public in 1958. The company continued to expand in Latin America and added Asian divisions during the 1970s and 1980s. A series of mergers and buyouts made Holcim one of the two largest cement manufacturers worldwide by 2014, roughly tied with rival Lafarge. In April 2014, the two companies agreed to a US$60 billion "merger of equals". The companies merged on 10 July 2015 to form LafargeHolcim as the new holding company.

<i>Forbes</i> American business magazine based in New York City

Forbes is an American business magazine. Published bi-weekly, it features original articles on finance, industry, investing, and marketing topics. Forbes also reports on related subjects such as technology, communications, science, politics, and law. Its headquarters is located in Jersey City, New Jersey. Primary competitors in the national business magazine category include Fortune and Bloomberg Businessweek. The magazine is well known for its lists and rankings, including of the richest Americans, of the world's top companies, and The World's Billionaires. The motto of Forbes magazine is "The Capitalist Tool". Its chair and editor-in-chief is Steve Forbes, and its CEO is Mike Federle. It was sold to a Hong Kong-based investment group, Integrated Whale Media Investments.

Contents

Early life

Thomas Schmidheiny is the son of Max Schmidheiny (1908-1991). The family's construction materials empire (bricks, cement, etc) was divided in 1984, with Thomas inheriting Holcim, the concrete and cement company, and his brother Stephan, also a billionaire, was given the construction company Eternit. [2]

Max Schmidheiny (1908–1991) was a Swiss industrialist.

Stephan Ernst Schmidheiny is a Swiss entrepreneur, philanthropist and advocate of sustainable development. In 2017, his net worth was estimated by Forbes to be $3 billion.

Eternit

Eternit is a registered trademark for a brand of fibre cement. Fibre is often applied in building and construction materials, mainly in roofing and facade products.

Career

Until 2003, Schmidheiny was the chairman of Holcim, one of the world's leading cement manufacturers, founded by his grand-uncle in 1912. [4] Schmidheiny resigned his chairmanship as part of a deal to settle an investigation of insider trading in Spain. [5] He has remained on the Board since that time. [6] Since the merger between Holcim and Lafarge Thomas Schmidheiny detains 11.4% of the company Lafarge-Holcim and is the biggest shareholder of the firm.

Lafarge (company) French industrial company

Lafarge S.A. is a French industrial company specialising in three major products: cement, construction aggregates, and concrete.

LafargeHolcim manufacturer of building materials

LafargeHolcim Ltd is a Swiss multinational company that manufactures building materials. It has a presence in around 80 countries and employs around 80,000 employees. LafargeHolcim operates four businesses segments: Cement, Aggregates and Ready-Mix Concrete as well as Solutions & Products, which includes precast concrete, asphalt, mortar and building solutions.

Education

Schmidheiny holds a doctorate from Tufts University and a bachelor's degree from Zurich Polytechnic. [2]

Tufts University private research university in Medford/Somerville, Massachusetts

Tufts University is a private research university in Medford and Somerville, Massachusetts. A charter member of the New England Small College Athletic Conference (NESCAC), Tufts College was founded in 1852 by Christian universalists who worked for years to open a nonsectarian institution of higher learning. For more than a century, Tufts was a small New England liberal arts college until its transformation into a larger research university in the 1970s. The university emphasizes active citizenship and public service in all of its disciplines, and is known for its internationalism and study abroad programs. From a nationwide perspective, U.S. News & World Report categorizes Tufts as "most selective," which is the highest degree of selectivity the magazine offers. In addition, Tufts is considered one of the Hidden Ivies of the Northeastern United States.

Honors

The Indian School of Business has a Thomas Schmidheiny chair of family business. As of 2012, the post was held by Kavil Ramachandran. [7]

Indian School of Business Private Business School

The Indian School of Business (ISB) is a private business school with two campuses in India: one in Hyderabad, Telangana and one in Mohali, Punjab. It was established in 2001 and offers various postgraduate management programs.

Personal life

Schmidheiny is married with four children; he owns vineyards and wineries in Argentina, Switzerland and the US, including his residence in Klosters. [2] [1]

Klosters Place in Grisons, Switzerland

Klosters is a Swiss village in the Prättigau, politically part of the municipality of Klosters-Serneus, which belongs to the political district Prättigau/Davos in the canton of Graubünden. Klosters itself consists of the two main parts Klosters Dorf ('Village') and Kloster Platz ('Place'), and the settlements Selfranga, Äuja, Monbiel. Together with neighbouring Serneus, the two villages form the former municipality of Klosters-Serneus. On 1 January 2016 the former municipality of Saas im Prättigau merged into Klosters-Serneus.

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ACC Limited is one of the largest producers of cement in India. It's registered office is called Cement House. It is located on Maharishi Karve Road, Mumbai. The stock price of company contributes in calculating BSE Sensex.

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Société Nationale d'Investissement (SNI) or National Investment Company, is a large private Moroccan holding company mainly owned by the Moroccan royal family. Headquartered in Casablanca (Morocco), the company was established in 1966. SNI operates in different fields such as banking, telecommunication, renewable energy businesses and food industry among others.

Ambuja Cements company

Ambuja Cements Limited, formerly known as Gujarat Ambuja Cement Limited, is an Indian major cement producing company. The Group's principal activity is to manufacture and market cement and clinker for both domestic and export markets.

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Hope Cement producer of cement, concrete and aggregates in the United Kingdom

Hope Cement, formerly Hope Construction Materials, is a producer of cement, concrete and aggregates in the United Kingdom, founded on 7 January 2013. Before 1 April 2014, Hope Construction Materials was the trading name for the two entities, Hope Cement Limited and Hope Ready Mix Concrete Limited.

Bruno Lafont is a French businessman. He served as the chief executive officer of Lafarge from 2006 to 2015, when it merged with Holcim to become LafargeHolcim. He served as the co-chairman of LafargeHolcim from 2015 to April 2017.

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Lafarge Africa Plc is a building materials solutions provider headquartered in Lagos and quoted on the Nigerian Stock Exchange. It is majorly controlled by LafargeHolcim. Previously trading under the name of Lafarge Wapco Plc, the merger of Lafarge and Holcim and resulting consolidation of Lafarge's assets in Nigeria and South Africa resulted in the name change to Lafarge Africa.

References

  1. 1 2 "Luxury and discretion on the fringes of the WEF". Ft.com. Retrieved 2017-01-26.
  2. 1 2 3 4 5 "The World's Billionaires: Thomas Schmidheiny". Forbes. Retrieved 26 January 2017.
  3. "Thomas Schmidheiny". LafargeHolcim. Retrieved 26 January 2017.
  4. "Dr. Thomas Schmidheiny: From Family Business to Family Wealth Management". The Fletcher School. 17 February 2011. Retrieved 2 January 2013.
  5. "World Business Briefing | Europe: Switzerland: Insider Trading". The New York Times . 8 February 2003. Retrieved 2 January 2013.
  6. Meier, Simone (2 October 2011). "Schmidheiny Plans to Boost Holcim Stake, SonntagsZeitung Reports". Bloomberg Businessweek . Retrieved 2 January 2013.
  7. Nanda, Prashant K. (14 December 2012). "Economy highly dependent on family-run businesses' destiny: Ramachandran". Live Mint . Retrieved 2 January 2013.