Stephan Schmidheiny Net Worth is$3 Billion
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Date of Birth: 1947

Country: Switzerland

Stephan Schmidheiny net worth: Stephan Schmidheiny is a Swiss businessman who has a net worth of $3 billion. Stephan Schmidheiny is a fourth generation member of the most important industrial dynasty in Switzerland. Schmidheiny began his career at the company he had inherited; Eternit Niederurnen. The young graduate lawyer entered Eternit at the age of 29 and took over its leadership in 1976, when he was named CEO of the Swiss Eternit Group. But as the largest shareholder (via Swiss Eternit Group) in the public company Eternit Italia, Schmidheiny has entered a lengthy criminal trial related to alleged asbestos-related illnesses. Together with another shareholder, Schmidheiny was sentenced to 16 years in prison and was provisionally ordered to pay compensation to former workers and residents who lived nearby the plants, even though he ended the company?s use of asbestos in 1986. Fifteen years later, he has quit all his executive functions and placed the leadership of the family holding in new hands, as well as he arranged the settlement of his inheritance. What's more, in 2003 Schmidheiny donated all shares of his forestry firm Grupo Nueva to his Viva Trust, whose profits are used to promote causes like sustainability and education. When it comes to his private life, he is a married man and a father of four who favors collecting art, especially of contemporary painters Richter and Warhol.
Stephan Ernest Schmidheiny (born in 1947 in St. Gallen, Switzerland) is a Swiss business an and billionaire. He was recently convicted of gross negligence in the highly publicized trial relating to the exposure of customers and employees of Eternit to asbestos.
Schmidheiny was born in St. Gallen, Switzerland, in 1947 as a fourth generation member of the most important industrial dynasty in Switzerland and completed his Law studies with a doctorate at the University of Zurich in 1972. He started his business career at Eternit Niederurnen he had inherited and in 1976 he was named CEO of the Swiss Eternit Group. According to his brother Thomas Schmidheiny, their father Max decided to divide his industrial empire into two halves : asbestos for Stephan, cement for Thomas.
According to his official biography, he ended the companyA?s use of asbestos in 1986. Years later he diversified his investments, building up a multinational conglomerate of shareholdings by adding enterprises in the areas of forestry, banking, consumer goods, power generation, and the electronic and optical equipment. During this period he shaped many industries and became a renowned industrial architect. In recognition of this role, he became a member of the boards of directors of leading companies such as ABB Asea Brown Boveri, NestlA(C), Swatch, and UBS AG.
In the 1980s he created FUNDES, an organization that supports the development of small and medium-sized enterprises in several Latin American countries. According to recent Swiss accounts, Stephan Schmidheiny began buying Chilean forest land in 1982, and he now owns over 120,000 hectares in Southern Chile, near Concepcion, landwhich the Mapuche Indians claim has been theirs since time immemorial. The Mapuche charge that some of the land Schmidheiny bought was stolen from them during the Pinochet dictatorship, using that regime's standard techniques of intimidation, torture, and murder.
In 1990 he was appointed chief adviser for busine

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Stephan Schmidheiny Latest News

Alumni ask Yale to revoke honorary degree

“It was not without cause,” his website says, “that Forbes heralded Stephan Schmidheiny as ‘The Bill Gates of Switzerland.’” What's more, “Stephan Schmidheiny is the only one who cares for the asbestos victims in Italy,” his spokeswoman ...
Posted: May 27, 2014, 5:00 pm

Yale Refuses to Revoke Stephan Schmidheiny’s Honorary Degree

Prestigious Yale University, a world leader in higher education, has come under fire after rejecting a call to support victims of asbestos exposure, and bypassing the opportunity to use its influence in raising awareness to the cause. Yale University has ...
Posted: January 7, 2014, 2:59 pm

Prosecution urges new trial for former Eternit owner- update

(ANSA) - Turin, February 23 - Prosecutors in Turin on Monday called for a new trial for the former owner of Eternit, Stephan Schmidheiny. Charges against him in connection with the asbestos-related deaths of 263 people had "timed out even before the trial ...
Posted: February 23, 2015, 10:22 am

Stephan Schmidheiny: Environmental Life

1987: As a board member, Schmidheiny is a "driving force" behind the merger ... 2000: Keynote speaker at the centennial of the Yale School of Forestry and Environmental Studies. 2003: Establishes Viva Trust, donates $1 billion in stock.
Posted: October 17, 2013, 5:00 pm

Activists against Schmidheiny push further

The controversy surrounding the Swiss billionaire and Yale honorary degree recipient Stephan Schmidheiny took its latest turn recently, after dozens of concerned alumni signed multiple letters and petitions to University President Peter Salovey demanding a ...
Posted: November 7, 2016, 11:57 pm
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