Nils Glagau Net Worth in 2023 Career & Relationship
|Estimated value:||€30 million|
|Country of origin:||Germany|
|Source of Wealth:||entrepreneur|
Nils Glagau is a successful entrepreneur and has recently become an investor in the TV series “Die Höhle der Löwen” on the TV channel VOX. He is the owner and managing director of Orthomol, a company that sells dietary supplements. The Orthomol company was founded by his father, who passed away in 2009. Little is known about his family life. Glagau is the father of twins and is married.
Nils Glagau was born in Bad Homburg and grew up in the tranquil Rhineland. In the early 1990s, his father, Kristian Glagau, founded the Orthomol company with a chemist whom he knew well, Hand Dietl. This produces and ships products from the orthomolecular area of medicine. It’s about supplying nutrient depots that can be replenished through food with sufficient vitamins and nutrients in the right dosage. The targeted use of food supplements and vitamin preparations is not widespread in Germany. In other countries, on the other hand, such preparations are used much more frequently and without hesitation.
It was not clear from the start that Nils Glagau would one day take over his father’s company. The group, which was more or less developed out of a garage at the time, grew into a lucrative company during Kristian Glagau’s lifetime, but Glagau Junior initially had other plans. He graduated from high school and began studying ethnology at the Rheinische Friedrich-Wilhelms-Universität in Bonn.
He was interested in ancient cultures and did research in South and Central America. His focus was ancient American studies. For his areas of specialization, Mayan culture and Tibetan Buddhism, he traveled to Tibet and Mexico and spent his time away from the world of micronutrients and nutritional supplements.
Only the death of his father, Orthomol co-founder Kristian Glagau, brought Nils Glagau into closer contact with the company. In 2009, Glagau Senior died unexpectedly from the after-effects of a pulmonary embolism.
The group had to reorient itself and Nils, his mother and his sister were appointed managing directors of the company.
Today’s CEO is now responsible for marketing and sales. Since his mother has completely withdrawn from the company and has transferred her shares to her children and his sister is not active in the company, Nils Glagau is the only offspring of the family who is actively shaping the future of Orthomol. He hired another managing director, Michael Schmidt, who takes care of the technical processes of the company.
The Orthomol Group is divided into different companies. Orthomol Holding GmbH forms the head of the company and is owned by the two Glagau siblings at fifty percent each. It includes Orthomol pharmaceutical sales GmbH, Ortho-Trinity GmbH, Orthomed Vertriebs GmbH for dietary supplements and Orthomed Vertriebs GmbH and & KG for dietary supplements. Orthomol pharmaceutical sales GmbH is the company that generates the most. In 2017, the turnover was 94 million euros. The profit amounted to 26 million euros. The operational company is also divided between the two siblings. Nonetheless, there’s still a nice penny left for the company’s CEO.
The move to appear as one of the lions on television should increase the company’s sales again and help it become better known in Germany. So, as CEO in the marketing department, Glagau has done everything right. Of course, as a lion, he can also look forward to a fee from the VOX broadcaster.
In 2017, the Orthomol Group was able to turn over 94 million euros. The balance sheet profit was a total of 26 million euros.
Nils Glagau has been a new lion in the TV show “Die Höhle der Löwen” since 2019 and has already invested in two companies there.
“I go into every world when the founder and the idea convince me.”
“One must not stand still in this day and age. No matter how strong the brand or how big the unique selling proposition of the product – today it is all relative.”
“I am completely authentic.”
tips for success
Since he also runs the family business with a lot of passion and commitment, he expects the same from future entrepreneurs. Passion and in-depth knowledge of the respective specialist areas are elementary in order to be successful.
A healthy self-confidence is also one of the secrets of his success. He initially studied something completely unrelated to his subject and yet, at a young age, he dared to manage the family business with currently around 400 employees.
Nils Glagau stands for development and innovation. He recommends moving with the times and not standing still. Entrepreneurs should position themselves more broadly and establish several supporting pillars in their company. This protection and distribution across several areas makes it easier to react to changes. New and fresh ideas are important to be successful. The start-up scene inspires him and he sees the future of entrepreneurship in it and an opportunity to create many jobs and help people to be successful.
|Estimated value:||€30 million|