Calgary, AB -- (ReleaseWire) -- 01/06/2014 -- But among his peers in German industry, the teenager is a living legend. Myths abound of the boy who perused the stock market reports instead of comics at junior school. By 10 he is said to have started dabbling in shares, at 14 he began tinkering with computers. Soon he was writing software and building computers in the family home in the small town of Rahden in northern Germany.
That was when he discovered the limitations of the domestic industry and globalised his operations. When he was 15 he flew to China to buy cheap computer components, which were then assembled by his school-mates and sold in his father's stationery shop. A year later he dropped out of school and went into business with a Chinese enterpreneur based in Germany.
At first the local banks refused him credit. His father had to persuade bank managers that Lars was a serious proposition, and had to sign all the cheques, a task forbidden under German law to those under 18.
Despite the credit squeeze and all the bureaucratic hurdles, the cottage industry mushroomed within three years into a world-wide concern, with offices in New York and Hong Kong, interests in real estate, computers, advertising and business consultancy, and an annual turnover of DM250m. The Windhorst empire's centre is now shifting from Rahden to the Far East. In Vietnam, there are plans in Ho Chi Minh City for a 55-storey Windhorst Tower, destined to be the emblem of this "one-man economic miracle" - as he is described in the Hong Kong press.
His knowledge of the Far East scene has earned him guru status, so much so that when Chancellor Helmut Kohl recently toured the region, Lars was the leading luminary in a government delegation packed with captains of industry. He is the sort of young enterpreneur Germany needs, Mr Kohl said: "Eighteen-, nineteen-year-olds who don't count on their pensions, but follow their dreams, take risks and go out into the world."
The Chancellor and the German business world are expecting great deeds from their teenage enterpreneur. This week he is due to meet Bill Gates, the founder of Microsoft, who had the monopoly on precocious capitalism before Mr Windhorst came on the scene. There is talk of a link-up between the two, provoking jibes from the press about the dawn of a "nerds' world".
Whether German youth would emulate him, as Mr Kohl hopes, is doubtful. Mr Windhorst's social skills with people of his own age seem somewhat limited and, it is rumoured, he dilutes his beer with Coke.
About Lars Windhorst
Lars Windhorst (born November 22, 1976 in Rahden, Germany) is a German entrepreneur who lives in London. At the beginning of the 1990s, when he was just 16 years old, he attracted attention as the founder of Windhorst Electronics GmbH and Windhorst AG and made a name for himself as a successful young German businessman. In the first financial year Windhorst Electronics had almost 80 employees and generated around 50 million US-dollars. In 1995 Lars Windhorst founded Windhorst Asia Pacific Holdings Ltd. and made Hong Kong his secondary home. The Windhorst Group began expanding in South-East Asia and China. In the years 1997 and 1998 the group was adversely affected by the Asian financial crisis and Lars Windhorst decided to regain ground by focusing on the new economy and dotcom sector. Windhorst New Technologies AG was founded. With the goal of listing companies on the Frankfurt Stock Exchange, capital was acquired from investors on a large scale. When the New Economy plunged into crisis and the stock and internet markets collapsed in 2001, the planned stock market flotation had to be called off. The entire Windhorst group of companies found itself in difficulties as a result. In 2003 Lars Windhorst had to file for personal bankruptcy and bankruptcy for the Windhorst Group. In 2004 Windhorst co-founded the Sapinda Group. Following restructuring, Sapinda Holding B.V., which was founded in 2009 is presently the group’s parent company. Lars Windhorst is the Executive Chairman and partner of the Sapinda Group and lives in London.