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At 85, Klaus-Michael Kühne is no longer the youngest, but now he’s on a real run and surpasses many business bosses: According to the US business magazine “Forbes”, Kühne’s estimated fortune is said to be 39.1 billion. The US dollar is new as the richest Switzerland. Converted costs a good 35 billion Swiss francs.
According to “Forbes”, Kühne’s fortune increased by two billion in the past year alone, and even by 11 billion last year. Forbes now ranks him 29th among the richest people in the world.
According to his passport, Klaus-Michael Kühne is German but a Hamburg native has lived for years in the tax haven Schindellegi SZ. They also have homes in Lenzerheide GR, Mallorca (Spain) and Hamburg. In the autumn, “Bilanz” listed him fourth on the list of the 300 richest Swiss, with an estimated fortune of 23.5 billion francs.
Klaus-Michael Kühne now includes both Roche heirs Hoffmann, Oeri and Duschmale (assets per balance sheet: 30.5 billion, third on the “balance sheet”) and Chanel owner Gérard Wertheimer (73) (” balance sheet»: 38.5 billion).
Only the Kamprad brothers, heirs to furniture giant Ikea (assets by balance sheet: 45.5 billion, #1 on the “balance sheet” list), can’t come close to Kühne with their $35 billion. However, the Ikea fortune is split between the 3 siblings, so “Forbes” places the three significantly below the “balance sheet” in the richest list.
Klaus-Michael Kühne is the majority owner and honorary chairman of the logistics company Kühne + Nagel. His grandfather originally founded the company in Germany, and the logistics giant’s headquarters has been in Switzerland since the 1970s.
The logistics industry exploded during the corona pandemic, key word: supply chain issues. Klaus-Michael Kühne benefits in two ways: In addition to his family group, he also owns 30 percent of the shipping company Hapag-Lloyd.
As of last year, it also owns 17.5 percent of Lufthansa, making it the airline’s largest shareholder. Following the end of the corona pandemic, the aviation industry is benefiting from strong catch-up effects.
In addition to these profit-oriented investments, Kühne is also turning to a more passionate and expensive involvement: Kühne is a minority shareholder of the German Bundesliga 2 football team Hamburger Sport-Verein (HSV). “The club is very important to me, I’ve been a fan since childhood and I watch every match on TV,” he told Handelzeitung in an interview.
The investor is also active in the tourism sector: He has transformed a 600-year-old castle on the Spanish Mediterranean island of Mallorca into a luxury hotel. According to his own statements, he invested approximately 38 million euros in the project and defines the hotel industry as his hobby. A few years ago, he built the luxury hotel The Fontenay in Hamburg for 100 million euros.
Klaus-Michael Kühne is an only child and has no children. It is already predicted that his billion-dollar fortune will be transferred to a charity after his death.
Despite his good fortune and being among the wealthiest in Switzerland: in Germany, Klaus-Michael Kühne is forced to admit defeat to another entrepreneur. Dieter Schwarz (83), the owner of Europe’s largest retail group Schwarz Group, which also includes Kaufland and Lidl, is just ahead of Kühne in the world rankings, with US$ 42.9 billion according to Forbes.
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
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