SubscribeSign In
LeaderPortfolio
Billionaire Profile
Peter Unger
Global Rank
#1445

Image: Liebers, Peter | CC BY-SA 3.0 de | via Wikimedia Commons

Peter Unger

CEO, Auto repair
GERMANY
Real-Time Net Worth
$2.924B
Estimated based on Auto repair stock value as of April 20, 2026
0% (24h)
Age
81
Source
Auto repair
Industry
Automotive
Citizenship
GERMANY

Biography

Peter Unger, born in 1944, is a German entrepreneur best known as the founder of Auto-Teile-Unger (ATU), an auto parts and repair chain. His journey began with a tire deal in 1985, which he parlayed into a successful business with over 600 stores across Europe and employing more than 12,000 people at its peak. After selling his stake in ATU, Unger has continued his entrepreneurial endeavors by investing in various startups and real estate. As of March 2026, his estimated net worth is $2.9 billion.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/20/2026

Wealth Over Time

In-Depth Profile

Early Life

Peter Unger was born on August 2, 1944. He is a German entrepreneur who built his fortune in the automotive industry.

Rise to Success

Unger's career began with a tire deal in 1985. He invested the proceeds from this deal into a new venture, Auto-Teile-Unger (ATU), an auto parts and repair business. Over the years, Unger expanded the business into a chain of stores. By 2002, ATU had grown to include operations in several countries, including Germany, Austria, Switzerland, Italy, Czech Republic, and the Netherlands. The company employed over 12,000 associates and had around 600 stores.

Key Business Strategies

Unger's primary strategy was building ATU into a leading auto parts and repair chain. He focused on expanding the business and establishing a strong presence across Europe. In 2002, Unger sold 80% of ATU to a British investor group for $800 million. He sold his remaining stake in 2004 to Kohlberg Kravis Roberts for $360 million.

Philanthropy

Information on Peter Unger's specific philanthropic initiatives and amounts is not readily available through current search results.

Career Milestones

1985

Founded Auto-Teile-Unger (ATU)

Unger started his auto parts and repair business.

2002

Sold Majority Stake in ATU

Sold 80% of ATU to a British investor group for $800 million.

2004

Sold Remaining Stake in ATU

Sold his remaining stake in ATU for $360 million.

Philanthropy & Social Impact

N/A

Not available

Undisclosed

Philanthropic information not available in search results.

Business Philosophy & Leadership

Notable Quotes

"Not available."

Leadership Principles

Not available

Leadership principles not available in search results.

Controversies & Challenges

N/A

None found

No controversies found in the search results.

Compare Peter Unger

Net Worth Face-off
Peter Unger vs Elon Musk
Compare Wealth →
Net Worth Face-off
Peter Unger vs Jeff Bezos
Compare Wealth →
Net Worth Face-off
Peter Unger vs Mark Zuckerberg
Compare Wealth →