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Updated: June 15, 2022 / 2022 Wealthiest people in CT

Wealthiest People in CT: 8. Christian Haub

Managing Partner
Tengelmann Group
2022 Net Worth: $4.4 billion
More Information

Most of Connecticut’s wealthiest residents made their fortunes from hedge funds and other investments.

But Christian Haub, 57, made his the old-fashioned way: through retail activity. And the business roots of the Greenwich resident — managing partner of the Tengelmann Group and chairman of the management board of Tengelmann Twenty-One KG — run deep.

The company, which made it onto Deloitte’s Global Powers of Retailing 2020 list, traces its origins to 1867, when the Wilh. Schmitz-Scholl company was established as an importer and distributor.

By 2019 (the most recent year the company released results) Tengelmann posted sales equivalent to $9.6 billion in the U.S. with a 90,000-plus workforce. The company focuses primarily on consumer goods, including clothing, home and garden and non-food household and children’s products; but it’s also involved with shopping centers and residential properties.

“Strategically, we invest exclusively in companies that demonstrate their core values through sustainable and profitable management,” the company says. “Our strategic investments are either market leaders or strive for market leadership. Future investments will also be based on these themes and guidelines. Venture capital investments can develop into strategic holdings. Real estate in the retail, residential, and in the future office sectors, will remain an important component of our portfolio.”

Haub, whose net worth is about $4.4 billion, according to Forbes, is also co-founder and chairman of Emil Capital Partners, a Greenwich-based venture-capital group that invests in technology, consumer and health products.

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