What is Wolfgang Leitner's Net Worth?
Wolfgang Leitner is an Austrian manager and entrepreneur who has a net worth of $1.9 billion. Wolfgang Leitner rose to riches thanks to his exceptional performance at Andritz, a producer of processing machinery mainly present in the pulp and paper market. Precisely speaking, he serves as its President and CEO, as well as he is the largest single shareholder in the company through the Custos private foundation. A native of Graz, Austria, he took a degree in chemistry from the Karl-Franzens-University of Graz before starting his career as a research chemist at the pharm company Vianova. Later on, he even established his own pharmaceutical company.
It was in 1983 that he joined Andritz as a management consultant. By 1987, he got appointed CFO at the company, which generated sales of around 194 MEUR ($265 million) and profits of just under 1 MEUR ($1.37 million) at the time. Ever since, the company has witnesses a rise in its net income despite Europe's challenging economic environment. In 1994, he was appointed President and CEO of Andritz, a position that he still holds.
