Billionaire Profile
Axel Oberwelland & family
Global Rank
#2779

Image: Public domain | via Wikimedia Commons

Axel Oberwelland & family

CEO, August Storck KG
DE
Real-Time Net Worth
$1.2B
As of December 2025
Age
58
Source
Candy
Industry
food-beverage
Citizenship
DE

Biography

Axel Oberwelland, born in Bielefeld, Germany, is a prominent figure in the confectionery industry and the owner of August Storck KG. As the fourth-generation leader, he has continued the family legacy, expanding the company's global presence and overseeing iconic brands like Werther's Original, Riesen, and Toffifee. With an estimated net worth of $1.2 billion as of April 2024, Axel maintains a relatively low public profile, while leading Storck's ongoing commitment to quality and innovation.

Wealth Over Time

In-Depth Profile

Early Life

Axel Oberwelland was born on August 1, 1966, in Bielefeld, Germany. He is the son of Klaus Oberwelland, who took over the family business in 1971, and the grandson of Hugo Oberwelland, who managed the company since 1921. He attended high school in Bielefeld, followed by a boarding school near St. Moritz, Switzerland. He then studied business at the University of St. Gallen, Switzerland, which provided the foundation for his successful career.

Rise to Success

In 2003, Axel Oberwelland took over August Storck KG from his father, Klaus Oberwelland, on the company's 100th anniversary. Under his leadership, the company has continued to flourish, solidifying its position in the confectionery market. Storck has expanded its global presence with distribution in over 100 countries. Key brands like Werther's Original, Toffifee, and Riesen continue to delight consumers worldwide.

Key Business Strategies

Axel Oberwelland has focused on several key strategies to ensure Storck's continued success. These include expanding the company's global footprint, introducing new products, and maintaining the quality and heritage of existing brands. The company's commitment to innovation and expansion has helped to cement its position in the confectionery market. In 2017, Storck's Knoppers nut bar was its most successful new launch. The company has also prioritized family values, which has led to a focus on sustainability and community involvement.

Philanthropy

Axel Oberwelland and his family are known for their philanthropy. In 1992, his father, Klaus Oberwelland, established the Stork Foundation to preserve endangered stork populations in Germany.

Career Milestones

2003

Owner of August Storck KG

Became the owner of August Storck KG, succeeding his father.

Philanthropy & Social Impact

Environmental Conservation

Stork Foundation

Undisclosed

The Stork Foundation was established in 1992 to preserve the endangered stork population in Germany.

Controversies & Challenges

N/A

Concerns over Cocoa Sourcing

Reports of potential issues with child labor and deforestation within Storck's cocoa supply chain have been raised by advocacy groups.