How much money does Frank Thelen have?
Considering all existing sources, the estimated is Net Worth of Frank Thelen in 2019 around 15 million dollars. To date there is no official information, but he describes his financial situation in the following words: “I have enough private assets, that will last forever”.
His annual income is estimated at around 500,000 to 1,000,000 dollars taxed. It is purely an estimate.
How does Frank Thelen’s Net Worth come about?
Frank Thelen has set up many companies in the past and is also active as an investor. In doing so, he always pursues the goal of building up the company to such an extent that it sell profitably to be able (also “Exit” called). The proceeds are then used to build more businesses. Of course, things don’t always go perfectly with Thelen either: being App startup “doo” Although an innovation and even received awards, user growth was limited. For this he then reached with the innovative app “Scanbot” another breakthrough.
With his investment company “Freigeist” (e42) and his business partners Alex Koch, Marcel Vogler and Christian Reber, the following companies have already been successfully sold at a profit:
- 2004: Ip.lab (sold to Fujifilm)
- 2010: Wunderlist (sold to Microsoft)
- 2010: MyTaxi (sold to Daimler)
- 2010: PurchaseDa (sold to Bonial)
- 2012: Goal United (sold to Travian)
- 2017: zen shopping (sold to shop.co)
In addition, Frank Thelen still holds active shares in the following companies: Scanbot, Neufund, Lizza, Xentral, Unfade, zenshopping, Hole19, 42reports, doo, meine Spielzeugkiste, Von Floerke, Lilium Aviation, Ankerkraut, iTravel, Fittaste, Luicella’s Ice Cream, Outbank, Pumperlgsund, 3Bears, GoLeyGo, Crispy Wallet, Calligraphy Cut , Frittenlove, and YFood.
Career: This is how Frank Thelen became successful
Frank Thelen was born on October 10, 1975 in Bonn, Germany. He first attended the Bad Godesberg High School, from which he was expelled due to his poor academic performance. He then graduated from the Carl Schurz secondary school in Bonn. According to his own statements, his youth was shaped by snow and skateboarding. In some interviews he said it taught him to get up again when you’re on the ground.
At the age of 18 he founded a year 1994 his first own company “Softer Solutions GmbH”, which provided innovative software for the production of high-end CD-ROMs. In 1996, Softer Solutions merged with Pro PC and several CD-ROMs were released under the Create Media brand. One year later, 1997Frank Thelen received 1.4 million DMto develop a Linux-based router. In 2000, today’s multi-millionaire was on the brink of personal bankruptcy, but he managed to get back up.
He is currently CEO of the investment company “e42 GmbH”Which 2017 to “Freigeist Capital GmbH” was renamed. With his companies and products he has reached over 100 million users in 60 different countries within the last two decades. He also received several awards and honors such as the Microsoft “Innovate 4 Society” Angela Merkel Prize, a Grimme Prize nomination, the German Television Prize, and several “App of the Year” Awards from Apple.
When asked about his financial situation, he answered in an interview with Venture TV: “I don’t like to talk about financial matters and I don’t want to give an exact amount. From 10 million you are considered a multi-millionaire and that’s me. But I don’t want to reveal how much I have.”. (Source)
Notoriety from the TV show “The Lion’s Den”
His many years of experience as an investor and entrepreneur have given Frank Thelen a place on the TV show “Die Höhle der Löwen?”, which is broadcast on the VOX channel, since 2014. He is sitting in the jury (also called “The Lions”) with Carsten Maschmeyer, Judith Williams, Ralf Dümmer and other investors, among others. During the show, young entrepreneurs, inventors and start-ups present their innovative business ideas and hope to be able to convince one of the investors with their ideas. Her goal is to get venture capital to help her company grow.
The 6th season of the show started on September 3, 2019, in which Frank Thelen can also be seen again as an investor in the jury.
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