He loved people and he loved shoes. But did he also love money?
“Money is a good supporter but a bad leader,” Heinz-Horst Deichmann once said. There are few entrepreneurs who could utter such words with more credibility.
In 2013, Deichmann had revenues of €4.6 billion ($5.8 billion), sold more than 167 million pairs of shoes, employed over 35,000 people, and operated 3,500 shops in more than 20 countries. Today, the company is Europe’s biggest shoemaker.
Last Thursday, Heinz-Horst Deichmann died at age 88 in his home town of Essen. He was a billionaire on the one hand and a Christian philanthropist on the other. With his charity “Wohlundtat,” he supported 200,000 people in the poorest regions of the world.
Deichmann embodied the theory of the German sociologist, Max Weber, as no other.