With a 50% Stake in dm and a Net Worth of $2,9 Billion, Kevin David is Among the Top 5 Youngest Billionaires in the World

Kevin David Lehmann, a relatively unknown figure in the public eye with a net worth of approximately $2,9 billion, commands an impressive 50% stake in Germany’s renowned drugstore chain, dm (Drogerie Markt), which boasts an annual revenue exceeding $14 billion and operates more than 4,000 outlets across Europe. In 2023 alone, the firm amassed revenues nearing $17 billion, solidifying its position as a leader in the industry.

The origins of dm trace back to 1973 when Goetz Werner laid the foundation with the opening of his inaugural shop in Karlsruhe, Germany. Fast forward to the present day, dm stands tall, with approximately 3,700 locations spread across the region.

Kevin David Lehmann’s path to prominence took shape when his father, Guenther Lehmann, a steward of the family’s Pfannkuch grocery chain, invested in dm back in 1974. However, it was in 2017 that the torch was passed silently, as Guenther quietly transferred his 50% stake in dm to his son, Kevin David, marking a significant shift in ownership dynamics.

Despite their substantial influence, neither Kevin David nor his father have been directly involved in the operational aspects of dm, maintaining a low profile within the corporate landscape. Details about their personal lives remain shrouded in mystery. Central to dm’s ethos is its philosophy emphasizing the well-being of employees as a cornerstone for long-term success—a principle widely recognized and celebrated in German-speaking countries.

In a parallel narrative, Goetz Werner, the visionary behind dm, transitioned his 50% ownership to a charitable foundation, thereby entrusting the reins of management to his son Christoph, a seasoned member of DM’s management board since 2011, who now steers the company forward into new realms of success and innovation.

Have you read?
World’s Most Fashionable Countries.
World’s Best Countries For Business Expats.
Best Non-Native English Speaking Countries In The World.
Countries With The Largest Household Size.
World’s Best (And Worst) Countries For Older People To Live In.