With No Heirs, Kühne’s Swiss Foundation Gets $49 Billion Fortune
The foundation will control assets spanning shipping, aviation and chemicals, with net worth estimated at $49 billion, according to the Bloomberg Billionaires Index.
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8 Articles
With No Heirs, Kuehne's Foundation Gets $49 Billion Fortune
Klaus-Michael Kiene's $49 billion fortune is going to his Swiss foundation, along with strategic stakes in Kuehne + Nagel, Hapag-Lloyd and Lufthansa, opening a new era for his business empire.
One of the richest Germans, who died in Switzerland at the age of 89, left behind a large fortune but no descendants. It is estimated that billionaire Klaus-Michael Kühne had somewhere between 23 and 40 billion euros under his thumb. Who will own this wealth was one of the central questions after his death, and now it has also been answered.
Klaus-Michael Kühne, Germany's richest businessman and majority shareholder of logistics giant Kuehne + Nagel, passed away at the age of 89. His vast fortune of $49 billion, spread across logistics, aviation, and chemicals, was bequeathed to the Swiss-based Kühne Foundation as part of a long-planned strategy.
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