8 Undiscovered Billionaires

Siegfried Meister and Family

In 1973, Meister, an electrical engineer, founded oven maker Rational. In the present day the company has a 54 percent share of the global market for thermal food-preparation appliances, ovens, steamers, and grills in professional kitchens. The sales rose 11 percent to 350 million Euros in 2010. According to Bloomberg data, Meister has earned more than 250 million Euros in dividends before taxes since 2001. He owns a net worth of around $2 billion. Rational ranges organize 110 million meals every day. In the year 2000, the company went public. At present the company dominates the global market for thermal food-preparation equipment, with a 54 per cent share.