What is Peter Unger's Net Worth?
Peter Unger is a German entrepreneur who has a net worth of $1.4 billion. Mr. Unger generated his fortune as the founder of Auto-Teile-Unger, an auto parts and repair outfit. Founded in 1985, he has since broadened his business from a single location into a still growing chain that has 400 stores in Germany, Austria and the Czech Republic. In 2002, he started to withdraw from the business selling 80% of the company to British investor group Doughty Hanson & Co.
for a reported $800 million. Two years later, Peter Unger freed from the remaining 20% stake, giving it to Kohlberg Kravis Roberts for an estimated $360 million. With a current residence in Bavaria, Unger is now retired and invests in startups every now and then.
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