Martin Winterkorn Net Worth: How Rich is The Ex-Volkswagen CEO?

Ex-Volkswagen CEO Martin Winterkorn’s net worth will definitely be affected. He is paying $13.6 million dollars to Volkswagen over the diesel scandal. For further information, keep reading the article.

Martin Winterkorn is a former business executive from Germany who was the CEO of Volkswagen AG, the parent company of the Volkswagen group.

He studied metallurgy and metal physics at the University of Stuttgart (1966-1973). He was also a Ph.D. student at the Max-Planck-Institute and received his doctorate in 1977

Martin was the chairman of the supervisory board of Audi and the chairman of the board of management of Porsche Automobil Holding SE.

He was also on the board of supervisors for the German Football club Bayern Munchen from February 22, 2003, to December 18, 2018.

On May 3, 2018, he was criminally indicted over the emissions cheating scandal in the United States on charges of fraud and conspiracy. Then in April 2019, he was criminally indicted on charges of fraud in Germany.

Currently, Winterkorn is a fugitive of justice in the United States.

Martin Winterkorn Net Worth

Martin Winterkorn is yet to publicize his official net worth to the public.

However, his net worth will definitely be affected due to his role in the diesel scandal. 

On September 23, 2015, he resigned from Volkswagen after an emission cheating scandal was revealed that concerned the company’s diesel cars. Further, he resigned as chairman of Audi on 11 November 2015, after further information associated with the scandal was revealed in regard to VW’s gasoline-powered engines. 

Apparently, he has agreed to pay 13.6 million dollars to Volkswagen after an investigation found the former CEO failed to respond properly to signs that the company may have been using illegal diesel engine technology.

Martin Winterkorn Wife

Martin Winterkorn is married to his wife Anita Winterkorn.

The couple has two children together.

You May Also Like