What is Siegfried Meister's Net Worth?
Siegfried Meister was a German businessman who had a net worth of $2.4 billion. Sigfried Meister is the founder of Rational AG, a German manufacturer of industrial food steamers and ovens for catering and commercial kitchen use. Meister has served as the Chairman of the Supervisory Board of Rational AG since December 1998. Siegfried Meister is a qualified electrical engineer who spent his early years working on management tasks in several large and medium-sized companies with interests in electronics, controller and kitchen technology fields. In 1973, Siegfried Meister founded Rational AG and currently owns 63% of this publicly-traded company. Meister's shares have grown immensely over the past year, leading to an increase in his net worth by, reportedly, several hundred million dollars.
The company currently has a 54% share of the global market for thermal food preparation appliances such as ovens, steamers and grills in professional kitchens. Rational AG's customers include chefs Gordon Ramsay and Paul Bocuses as well as corporations like KFC and Hilton Hotels. Subsidiaries have since been founded around the world, including the United Kingdom (1991), France (1992), Japan (1992), United States (1993), Italy (1998), Scandinavia (1998), Switzerland (1999), Canada (1999), Spain (2000), Russia (2003), Austria (2005), Poland (2005), China (2007), Greece (2007), Middle East (2007), Ukraine (2007), Brazil (2009) and India (2010), Mexico ( 2012). Rational AG is headquartered in Landsberg am Lech, Germany. Since March 4, 2009 it is a constituent of the MDAX index.
