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Klaus-Michael Kuehne: is there a family office?
Klaus-Michael is the chairman and majority of the global logistics company, Kuehne + Nagel which was founded by his grandfather, August. As of February , Forbes estimated his net worth at $bn, which puts him as the 32nd richest person in the world and the richest person in Germany. We are going to investigate if he manages his wealth through a Klaus-Michael Kuehne Family Office.
Where does Kuehne`s wealth come from?
Klaus-Michael is the majority owner of Kuehne + Nagel, having joined the company in and becoming CEO in Klaus-Michael is currently Honorary Chairman of the global forwarder, which operates in more than countries. Kuehne manages his assets through Kuehne Holding AG and has made major investments through the holding company, such as a 20% stake in German rail logistics company VTG. In , the stake was sold to Morgan Stanley Infrastructure for over € million. Klaus-Michael also owns 30% of fellow logistics company Hapag-Lloyd and has strengthened his position in recent years, buying property and luxury hotels in Mallorca and Hamburg.
Is there a Kuehne Family Office?
In , Klaus-Michael and his parents set up the Kuhne
The dark secrets behind the wealth of Germany’s richest man
Germany’s wealthiest man, Klaus-Michael Kuehne, has built a global business empire, but an investigative report has revealed that his fortune traces back to Nazi-era expropriations.
Kuehne, owner of logistics giant Kuehne + Nagel, attempted for years to obscure his family's dark history. His grandfather founded the company in , and during the Nazi regime, the Kuehne family enriched themselves by expropriating the assets of Jewish shareholders and others persecuted under the Third Reich.
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Klaus-Michael Kuehne with German chancellor Olaf Scholz
(Photo: Wikipedia)
Kuehne’s holdings today span companies such as Lufthansa, Hapag-Lloyd and the owner of North America’s Greyhound bus lines. His parents, Alfred and Mercedes Kuehne, benefited from Nazi policies after , acquiring wealth through the confiscation of Jewish property across Europe, with stolen art alone valued at hundreds of millions.
Researchers uncovered that the Kuehnes joined the Nazi Party in the s, and by , the company had grown from seven branches to 26 across Europe. A Vanity Fair exposé reported that Alfred Kuehne av
Klaus-Michael Kühne (born 2 June ) is a prominent German billionaire businessman, widely known as the richest person in Germany as of October , with an estimated net worth of US$ billion according to the Bloomberg Billionaires Index. Kühne is the honorary chairman and majority owner (%) of Kühne + Nagel, an international transport company that was co-founded by his grandfather, August Kühne (–).
In addition to his leadership role at Kühne + Nagel, Kühne holds significant stakes in other major companies such as Lufthansa, Hapag-Lloyd, and several other investments. As a key shareholder in these influential firms, he has significant political and economic influence in Germany. Despite the scale of his holdings, Kühne does not pay taxes in Germany for his holding company or personal assets.
Early Life and Education
Born 2 June (age 87)
Hamburg, GermanyOccupations Businessman Known for Richest person in Germany Title Honorary chairman, Kühne + Nagel Parent Alfred Kühne Relatives August Kühne (grandfather) Klaus-Michael Kühne was born in in Hamburg, Germany. After completing his high school education, he pursued a two
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