Michael and Rainer Schmidt-Ruthenbeck’s biography, fact, career, awards, net worth & life story

German businessmen Michael and Rainer Schmidt-Ruthenbeck have an estimated net worth of $2.8 billion as of April 2016 according to Forbes. Known to be media shy, the brothers own 16% shares of the retailing company Metro which is based in Germany but operates in Asia, Europe and certain parts of Africa. Compared to last year, Michael and Rainer Schmidt-Ruthenbeck’s wealth declined by $100 million due to Europe’s weakened economy in the last 12 months.
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