Economy
Germany's richest person Kühne's 42.2 billion euro fortune transferred to foundation
Euronews Türkçe İş Dünyası
Key Points
- Klaus-Michael Kühne died without leaving children.
- His 42.2 billion euro fortune passed to a tax-free foundation in Switzerland.
- The foundation thus became one of the richest foundations in Europe.
- Kühne was one of the major partners of the Kühne + Nagel logistics company.
By the Numbers
42.2 billion euro fortunetax-free inheritance transferEurope's richest foundations
Germany's richest person Klaus-Michael Kühne died without children. Because he lived in a Swiss canton without inheritance tax, his 42.2 billion euro fortune was transferred to a foundation tax-free.
This made the foundation one of the richest foundations in Europe. Kühne was one of the major partners of the logistics giant Kühne + Nagel and amassed his fortune from the company's shares.
The absence of inheritance tax allowed the entire fortune to pass to the charitable foundation. This was recorded as one of the largest private wealth transfers in Europe.
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Frequently Asked Questions
- Who is Klaus-Michael Kühne?
- He was Germany's richest person and one of the major partners of the Kühne + Nagel logistics company.
- Where and how did his fortune pass?
- It was transferred entirely to a foundation established in Switzerland without paying inheritance tax.
- Why is this event significant?
- One of Europe's largest foundation establishments was created and a historic wealth transfer took place.
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