Business, Equipment

Knorr-Bremse Industrialist Thiele Increases Fortune to $15.3 Billion After IPO

Heinz Hermann Thiele is about $6 billion richer after last week’s initial public offering of his largest asset, Knorr-Bremse AG, the world’s biggest maker of truck and train braking systems. The IPO makes him Germany's fourth-richest person, with a net worth of $15.3 billion, according to the Bloomberg Billionaires Index.

October 15, 2018