Heinz Bauer (publisher)
Heinz Heinrich Bauer | |
|---|---|
| Born | October 28, 1939 Germany |
| Occupation(s) | Publisher, businessman |
| Years active | 1984–present |
| Known for | Control of Bauer Media Group |
Heinz Heinrich Bauer (born 28 October 1939) is a German billionaire publisher and the grandson of Johann Andreas Ludolph Bauer, who established the Bauer Media Group.
Early life
Heinz Bauer received training as a compositor and printer.
Career
Following the passing of his father Alfred Bauer in 1984, Heinz Bauer gained control over 96% of the shares in Bauer Media Group. By 2006, his wealth was valued at approximately US$1.9 billion.
As an investor in Terms Mortgages Rheinboden (AHBR), he played a key role in its 2006 acquisition by the American company Lone Star and openly criticized Germany’s Federal Financial Supervisory Authority (BaFin) during this transaction.
In 2007, Bauer purchased Emap, a prominent UK consumer magazine and radio enterprise, for £1.14 billion, with a strategic focus on acquiring its radio operations.
In 2010, he distributed 85% of his shares to his youngest daughter, Yvonne Bauer, while his elder daughters Mirja, Nicola, and Saskia each received a 5% stake.
Personal life
Heinz Bauer and his wife Gudrun have four daughters actively engaged in the media sector: Mirja (formerly editor of Life & Style), Nicola (editor of InTouch), Saskia (leader of the foreign West division), and Yvonne (appointed CEO of Bauer Media Group in 2010). Mirja’s spouse, Sven-Olof Reimers, holds the position of Director of Digital KG at Bauer Media Group.
The Bauer family contributes to philanthropic efforts including "Riding Against Hunger" in partnership with Welthungerhilfe.