German Billionaire Klaus-Michael Kühne, King of Global Logistics and First Shareholder of Lufthansa, Died (without Heirs)
6 Articles
6 Articles
At the head of Kühne+Nagel he had built an international empire in logistics and accumulated a wealth of tens of billions. Without children or direct heirs, his fortune should flow into the foundation he established.
Klaus-Michael Kühne is dead. Learn how his billions of assets are pooled through Kühne Foundation and Holding and who will decide in the future.
The late logistics entrepreneur has regulated his estate by a long hand. Kühne's foundation probably becomes one of the largest in Europe – with "almost already terrifyingly high" assets.
The entrepreneur was 89 years old and had no direct heirs. The estimated assets in 44 billion dollars will now be managed by the foundation named after him. He was considered the second richest man in Germany. The only 20% share in Lufthansa is worth 2 billion euros
The childless Klaus-Michael Kühne, as sole heir to his empire, has established a foundation. Four men are now tasked with ensuring the survival of the multi-billion-euro fortune built up over decades by the Hamburg patriarch.
Klaus-Michael Kühne, one of the richest people in Germany and one of the most influential entrepreneurs in the world logistics industry, died at 89 years of age. The billionaire left behind an estimated fortune of $44 billion and had no direct heirs.
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