Siegfried Meister, an electrical engineer, founded Rational AG in 1973 and currently owns 63% of the publicly traded company. The company, based in Landsberg, Germany, has a 54% share of the global market for thermal food preparation appliances and has grown consistently in the past 20 years without acquisitions. Its SelfCookingCenter 5 Senses line debuted in 2014 and offers innovative and energy-efficient technology. There is still ample room for future growth, as 90% of potential customers do not currently own one of its products. Meister and his wife still come into the company every day to eat with the managers.
Siegfried Meister is a member of Manufacturing
Siegfried Meister, a prominent figure in the world of manufacturing in Germany, is projected to have a net worth of $3.8 billion by 2024. Meister has made a significant impact on the manufacturing industry, leveraging his expertise and business acumen to build a successful empire. With a strong focus on innovation and quality, Meister's ventures have thrived, contributing to his impressive wealth. As a leading figure in the manufacturing sector, his achievements have not only brought financial success but also established him as a respected figure in the industry.
2012
$1.9 Billion
2013
$2.5 Billion
2014
$2.5 Billion
2015
$2.9 Billion
2016
$3.6 Billion
2017
$3.8 Billion
2018
$5.2 Billion
Some Siegfried Meister images
Biography/Timeline
1938
Meister was born in 1938. He trained as an electrical Engineer.
1973
In 1973, he founded Rational AG, which rose to success as a result of the popularity of the combination steamer, which he helped to develop. He owned 63.7% of Rational.
2017
He was married and lived in Landsberg am Lech, Germany. He died on 28 July 2017.