
Swiss Foundation Inherited $49 Billion Fortune From Heirless Shipping Magnate
The late German logistics billionaire Klaus-Michael Kühne has left his entire $49 billion estate to a Swiss charitable foundation after dying without direct heirs. The unprecedented transfer marks one of the largest private wealth donations in history, aimed at funding long-term philanthropic initiatives.
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With No Heirs, Kuehne’s Foundation Gets His $49 Billion Fortune
Klaus-Michael Kuehne’s death signals the end of a swashbuckling dealmaking era for the German tycoon’s empire while transferring his $49 billion fortune to a low-key Swiss foundation.
By Tara Patel and Sonja Wind
Read full article →With no heirs, Kühne’s Swiss foundation gets $49 billion fortune
Klaus-Michael Kühne’s death signals the end of a swashbuckling dealmaking era for the German tycoon’s empire while transferring his $49 billion fortune to a low-key Swiss foundation. As part of a longstanding succession plan, Kühne’s portfolio spanning shipping, aviation, chemicals and real estate will ultimately be owned by the Kühne Foundation, making it one of Europe’s largest. It’s overseen by a board of trustees that includes some of Kühne’s closest advisers and wife. At its heart is maj...
By swissinfo.ch
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