Friedhelm Loh (born 16 August 1946) is a German

billionaire A billionaire is a person with a net worth of at least 1,000,000,000, one billion units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. It is a sub-category of the concept of the ultr ...

businessman. He is the founder and chairman of the

Friedhelm Loh Group Friedhelm Loh Group is a German manufacturing and services group headed by Friedhelm Loh. It is headquartered in Haiger, Germany and has offices and production centres worldwide. Friedhelm Loh Group grew out of a business founded in 1961 by F ...

, a group of companies that grew out of a business he inherited from his father.

Career

Loh's father Rudolf founded a company in 1961 that offered "the first mass-produced enclosures for electrical control systems". Friedhelm took over the running of the business in 1974, renamed it

Rittal Rittal is a German manufacturer of electrical enclosures for use in industrial settings. Founded in 1961, Rittal is a subsidiary of the Friedhelm Loh Group. The name ''Rittal'' is derived from the place where the company was founded – ''Rit'' ...

and developed the

around it, a group of companies that offer goods and services ranging through sheet steel, electrical enclosures such as computer server cabinets, plastic components for automotive and other industries, software for computer assisted planning of complex electrical systems and industrial workflow consultancy. Friedhelm Loh is owner and chairman of the group. In July 2021, ''

Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...

'' estimated Loh's net worth at

US$ The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introdu ...

9.7 billion.

Personal life

He is married, has three children and lives in

Haiger Haiger is a country town in the Lahn-Dill-Kreis in Hesse, Germany. The nearest city is Siegen, about 25 km north of Haiger. Geography Location Haiger lies about 5 km west of Dillenburg, and 20 km southeast of Siegen on the eastern ...

, Germany. Loh is a collector of automobiles and in 2023 founded the National Automobile Museum in Dietzhöltal, Germany to allow public access to many vehicles from his personal collection supplemented by seasonal exhibits on varying themes.

References

{{DEFAULTSORT:Loh, Friedhelm 1946 births Living people People from Lahn-Dill-Kreis German billionaires Businesspeople from Hesse 20th-century German businesspeople 21st-century German businesspeople