Hidden Reimann billionaire found in NH as Coty has IPO




A fifth billionaire has been unmasked in the German family behind perfume maker Coty Inc. (COTY), which debuted on the New York Stock Exchange today. Andrea Reimann-Ciardelli, 56, sold her stake in Joh. A. Benckiser, the Reimann family’s closely held investment company, in 2003 for almost $1 billion, according to a person familiar with the terms of the deal who asked not to be identified because the transaction was private. Reimann-Ciardelli is a U.S. citizen and resides in Hanover, New Hampshire.
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