Billionaire Profile
Axel Oberwelland & family
Global Rank
#2766

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Axel Oberwelland & family

CEO, Candy
GERMANY
Real-Time Net Worth
$1.289B
Estimated based on Candy stock value as of March 6, 2026
0% (24h)
Age
59
Source
Candy
Industry
Food & Beverage
Citizenship
GERMANY

Biography

Axel Oberwelland is a German billionaire, the fourth-generation owner and CEO of August Storck KG, a leading confectionery company. Born in Bielefeld, Germany, in 1966, Oberwelland inherited the candy empire known for its Werther's Original, Riesen, and Toffifee brands. His net worth is estimated at $3.8 billion, a testament to his business acumen and the enduring popularity of Storck's products. Oberwelland lives in Berlin with his family, balancing his leadership role with a commitment to his family and the company's heritage.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Axel Oberwelland was born on August 1, 1966, in Bielefeld, Germany. He is part of the fourth generation of his family to be involved in the candy business. He attended high school in Bielefeld, followed by a boarding school near St. Moritz, Switzerland, and then studied business at the University of St. Gallen, Switzerland.

Rise to Success

Axel Oberwelland's career began with his inheritance of Storck GmbH, a German candy company. In 2003, he assumed leadership of the company. Storck is well-known for its iconic brands such as Werther's Original, Riesen, and Toffifee. Storck also manufactures house-brand chocolate for Aldi. Under Axel's leadership, Storck has expanded its global presence and continued to be a leader in the confectionery market.

Key Business Strategies

Axel Oberwelland has focused on maintaining the quality of Storck’s products and expanding its reach. Storck has seen continued growth, with products sold in more than 100 countries. While the company's revenue is not publicly disclosed, in 2011 the company was said to have earned about $2.1 billion.

Philanthropy

Storck GmbH established the Stork Foundation in 1992 to protect endangered storks in Germany.

Career Milestones

2003

CEO of August Storck KG

Took over the family-owned confectionery company.

Philanthropy & Social Impact

Environmental Conservation

Stork Foundation

Undisclosed

Supports the protection of endangered stork populations in Germany.