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Friedrich Knapp
PROFILE
Friedrich Knapp
$4.7B
Real Time Net Worth
as of 5/6/24
Reflects change since 5 pm ET of prior trading day.
Photo by Nigel Treblin/picture-alliance/dpa/AP Images
About Friedrich Knapp
Friedrich Knapp presides over one of Europe's largest fashion companies, New Yorker GmbH, which has more than 1,000 stores in 40 countries.
The low-profile billionaire, with Tilmar Hansen and Michael Simson, started the retailer in 1971, with one store in the German town of Flensburg.
Today, the chain employs more than 18,000 people and has revenues of around $2 billion.
New Yorker is known for targeting a younger audience with fashion ranging from outerwear and knitwear to jeans and athletic apparel.
In 2019, Knapp challenged Amazon, claiming that a large proportion of textiles sold by the online giant did not comply with the German textile labeling act.
One of the biggest expenses in geothermal power is finding the right spot to dig. Utah-based Zanskar thinks its big data and machine learning platform can help.
The scientists, doctors and entrepreneurs of this year’s 30 Under 30 list for Science & Healthcare are working to improve healthcare and our understanding of the world around us.
Eko Health, which has developed digital stethoscopes that use AI to detect different heart conditions, received clearance for an algorithm that spots when hearts are pumping less than they should.
Biotech startup eGenesis developed a gene-edited kidney that was successfully transplanted into a living patient last week. Its CEO says the company is just getting started.
The pharmaceutical giant’s new treatment, sotatercept, showed significant benefits for the thousands of patients suffering from pulmonary arterial hypertension in clinical trials.
Recent damage to undersea internet cables in the Red Sea doesn’t appear to have been deliberate, but the incident–and the naval conflict hot zone it occurred in–highlights how easily they could be attacked.