€650million, reaching approximately three-quarters the German population. The firm's international division recorded turnover of €413 million. Career and memberships As of April 2019, Forbes estimated Burda's net worth at US$4 billion. He is the third richest publisher in Germany, after Friede Springer and Elisabeth Mohn. Burda stepped down as CEO in 2010. He has given Burda Media shares to his two children; Elisabeth and Jacob each now hold 37.4% of the company, leaving him with 25.1%. Memberships Member of the Advisory Council of the Association Against Forgetting - For Democracy Founder of the Academy of the Third Millennium Founder of the Iconic Turn lecture series, discussing the impact of images, photographs, mass media and technologies on culture, society and science President of the VDZ Academy of the Association of German Magazine Publishers Co-founder of European Publishers Council (EPC) Panel member of the World Economic Forum, Davos Former chairman of the Ludwig-Maximilians-Universität München Founder of the Hubert Burda Center for Innovative Communication at Ben-Gurion University of Negev, Be'er Sheva, Israel Initiator of the project "Godfather for Tolerance" in support of the Jewish Center Munich, on Jakobsplatz Chairman of the Board of Trustees Germany Foundation Integration Philanthropy In 1975, Burda initiated the Petrarca-Preis. It was awarded to contemporary poets and translators from 1975 to 1999 and from 2010 to 2014. It was succeeded from 1999 to 2009 by the Hermann Lenz Prize, before reverting to the Petrarca Prize from 2010 to 2014. From 1987 to 1995, Burda supported the Petrarca Translator Prize for Literary Translations. Between 1988 and 1995, he supported the Nicolas Born prize for lyrics. In 1997, he founded the Corporate Art Prize for the cultural engagement of companies and initiatives. In 1999, he founded the Hubert Burda Foundation, dedicated to literature, international understanding, art, culture and science. In the same year he also created the Hubert Burda Prize for Young Poetry from Eastern Europe. In 2001, Burda established the Felix Burda Foundation, dedicated to the early detection and prevention of colon cancer. The foundation was named in memory of his son Felix, who died of the disease. In 2005, together with the city of Offenburg, Burda donated the 2005 . Since 2006 Burda has supported the . The award aims to encourage the work of young women in the media. It is given at Burda's Digital, Life, Design conference. German-Jewish reconciliation Burda has been decorated by German-Jewish interest groups