Hubert Burda Net Worth in 2023 Career & Relationship
|Estimated value:||€3.7 billion|
|Country of origin:||Germany|
|Source of Wealth:||publisher|
Hubert Burda is a German publisher and owner of Hubert Burda Media.
Hubert Burda was born in Heidelberg in 1940 as the son of the publisher couple Franz and Aenne Burda. During his school days he took painting lessons and from then on pursued the desire to become a painter. His father was not impressed by this wish and wished for a different career for his son. Franz Burda made a compromise with Hubert that he could study art history if he completed the subject including a doctorate at the age of 25. After graduating from high school, Burda studied art history, archeology and sociology at the Ludwig Maximilian University in Munich and at the universities of Rome, Paris and London. At the age of 26 he received his doctorate in art history.
After completing his doctorate, Burda went to the United States for a while and did internships in advertising agencies and publishers. He then worked in Germany until 1974 as a publishing manager for the in-house magazine “Bild und Funk”. In 1969 he tried his hand at his own magazine “m – the magazine for men”. The magazine project was discontinued after a year, following the decision of father Franz. He was strictly Catholic and did not agree with the content of the magazine. From 1965 to 1975 Hubert Burda was editor-in-chief of the magazine “BUNTE”. After his father Franz died in 1986, the publishing house passed to Hubert Burda and his brothers Frieder and Franz. Hubert Burda acquired the shares of the two brothers and thus became the sole shareholder and CEO of Burda Holding. In 1999 the name was changed from Burda Holding to Hubert Burda Media.
With the news magazine “Focus”, Hubert Burda, together with the journalist and media entrepreneur Helmut Markwort, managed to compete with the great rival “Der Spiegel”. In addition to the successful “Focus” magazine, Burda continued to expand many magazines and was thus able to generate a large plus. The product range of Hubert Burda Media no longer only includes publishing, but also a large digital offer such as Holidaycheck, XING and Cyberport, international cooperation (including with the French publisher “Hachette”) and expansions abroad such as in Russia or India. All divisions together comprise around 12,000 employees. Together, the company generated sales of around 2.7 billion euros. With a total Net Worth of 3.7 billion euros, Hubert Burda is one of the richest people in the world according to the Forbes list of 2018, ranking 588th. In Germany he is the third richest publisher after Friede Springer and Elisabeth Mohn.
“It is not the size of the company that determines the success of an idea, but its innovative spirit.”
“Competition is good for people. He creates innovation. He offers alternatives and reasonable prices. It’s worth fighting for.”
“Better to stir up dust than gather dust.”
“Contradiction is the engine of life.”
“Modern thinking and brilliant knowledge pulsate through the nets in binary streams of data. This is where the prosperity of tomorrow grows.”
“The most valuable potential is good employees.”
In 2001 Hubert Burda founded the “Felix Burda Foundation” together with his ex-wife Christa Maar. This is committed to improving the early detection of colon cancer. Felix Burda, the eldest son of the publisher Hubert Burda, died of colon cancer at the age of 33, after which his parents set up this charitable foundation. In addition, Burda donated a number of prizes, such as the international literature prize “Petracar” (1975) or, in 1999, the Hermann Lenz Prize for German-language literature. The publisher is also committed to German-Jewish reconciliation and supported the Jewish Museum in Munich with a donation of one million euros. Hubert Burda received several awards, including the “Honorary Professorship of the Minister President of the State of Baden-Württemberg” and the “Great Federal Cross of Merit with Star”.
|Estimated value:||€3.7 billion|