Wolfgang Douglas, Founder - RALS
Laurie Stone
How Wolfgang Douglas turns losses into profit.
WHEN businesses collapse, Wolfgang Douglas is often called in to pick through the wreckage.
He’s a specialist in asset liquidation, a commercial model that thrives in a downturn, in order to reap profits during the upward cycle.
The 38-year-old will sell off anything and everything from property and building materials to luxury watches, yachts and Bentleys.
“Sometimes, it can be about salvaging value for owners in distress so they can re-direct their capital to other more pressing positions,” he says. “But, more often, it’s just about bailing out companies or family concerns that have overreached in a fast-moving financial environment.
“People get drunk on the Instagram lifestyle propaganda portrayed across social media today. They all want the flash cars, big holidays, and jewellery that their peers and teachers led them to believe they deserve, only to be broken by living beyond...
Already have an account?
Get to the end of the story
Subscribe today.
Cancel at any time
- More than 50 articles a week.
- Digital and print news.
- Global community.