Berlin, Brandenburg, Unna High School leaving examination, 1946. University Bonn and Cologne, 1947-1950. Law examinations, 1950 and 1955.
PhD., 1952; spoken languages: English.
Member of Freie Demokratische Partei (Free Democratic Party) Land committee. 1953; Land treasurer North RhineWestphalia, 1968. Member of Bundestag since 1972.
Member of Federal committee, 1972. Freie Demokratische Partei (Free Democratic Party) deputy chairman, 1978. Federal Minister of Economics, 1978-1984.
Spokesman, Economic Policies FDP-Bundestag Group. Chairman, Freie Demokratische Partei (Free Democratic Party). Military service and PoW, 1944-1946.
Credit (latterly general authorised representative Private Bank) and Insurance business since 1955. Member of committee, Victoria Reinsurance AG, 1970.
Clubs: Rotary Club.
Spouse Alexandra, 1975. Children: Nikolaus, Cecilie, Susanne.