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Mathias Doepfner
PROFILE
Mathias Doepfner
$1.2B
Real Time Net Worth
as of 3/28/24
Reflects change since 5 pm ET of prior trading day.
Mathias Doepfner is chairman and CEO of German media giant Axel Springer, which is active in over 40 countries and employs more than 16,000 people.
Axel Springer hired him in 1988 as Editor-in-Chief of its newspaper Die Welt. He joined the company's executive board in 2000 and became CEO in 2002.
His success in building revenue from digital activities, from under $150 million to around $3 billion, helped earn the trust of controlling shareholder Friede Springer.
To ensure continuity, in 2020 Friede Springer gave him a 15% stake in Axel Springer and sold him an additional 4.1%. He was awarded additional stock and now owns nearly 22%.
Axel Springer went public in 1985. In 2020, it went private again in a KKR-funded buyout that valued the company at around $8 billion.
Acquisitions under Doepfner have included TV news station N24 (since rebranded as Welt) and the digital news outlet Business Insider.
Doepfner studied musicology and theatrical arts in Frankfurt and Boston before starting his career as a journalist at the Frankfurter Allgemeine Zeitung in 1982.
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