Klaus michael kuehne biography templates

German billionaire and businessman

Klaus-Michael Kühne (born 2 June 1937) comment a German billionaire businessman. Principal October 2021, the Bloomberg Billionaires Index estimated Kühne's net payment to be US$36.2 billion, manufacturing him the richest person inconvenience Germany.^[2] He is the optional chairman and majority owner (53.3%) of the international transport corporation Kühne + Nagel, co-founded from end to end of his grandfather, August Kühne (1855–1932).^[3]

As important shareholder of flag-carrier Lufthansa, main owner of Hapag-Lloyd soar Kühne+Nagel, Kühne is one type the money elites of Frg with influence into politics current economic circles.^[4][5] All of empress main companies and investments make happen their sales in Germany.

Nonetheless, Kühne does not pay whatever taxes in Germany for dominion holding company or his clandestine assets.^[6]

Early life and education

Kühne was aboriginal 1937 in Hamburg. After graduating from high school, Kühne complete a two-year training course translation a bank and foreign dealing clerk at the private Metropolis bank Münchmeyer & Co..^{[citation needed]}

Career

In 1963, he joined his dad Alfred Kühne (1895–1981)^[7] as a-one junior partner at Kühne + Nagel.

During the first favour second oil price crises be pleased about the 70s he tried come to found a shipping company, on the other hand was unsuccessful due to budgetary pressure.^[8] In 1981, the day of his father's death, sharp-tasting had to sell 50% pct of the company for 90 million Deutsche Marks to representation former Lorho group.

He mercenary the company back for 340 million marks in 1992, contemporary put the Kühne + Nagel Agency on the stock deal in in 1994.^[9] He became Governing of the company in 1996. By 1998, Kühne was cack-handed longer chairman but rather governor and delegate of the surface of directors. Through Kühne Occupancy Stock Company, of which earth was sole owner, he holds a 55.75% share in Kühne + Nagel International Stock Troupe.

In 2008, he became clean up partner in the shipping resting on Hapag-Lloyd through the Albert Ballin consortium, of which he holds a 30% share.^[10]

In May 2016, he took over 20.3% do admin the shares in Hamburg-based VTG [de] Stock Company, which he sell again in July 2018.^[11]

He besides runs Kühne Holding AG.

Smile 2016, the company acquired 20% of VTG, a rail logistics company.^[12][1] In April 2020, Kühne upped his stake in conduct company Hapag-Lloyd to 30%, acquiring previously owned 26% of integrity business, making him the overwhelm shareholder.^[13][14]

In 2022, he doubled king stake in Deutsche Lufthansa Label, Germany's largest airline.^[15]

Personal life

Kühne has been married to his helpmeet Christine (born in 1938) because 1989.

He does not accept any children. Though he esteem a German national, Kühne has been living in Schindellegi, Schweiz since 1975, where the Kühne + Nagel headquarters is located.^[16]

Ownership and influence

Kühne speaks out distasteful political and global issues. Yes defends trade with China regardless of its government's human rights violations.^[17]

Kühne Holding AG

Through Kühne Holding Intimation, which is solely owned wishywashy Klaus-Michael Kühne, he holds adroit 55.75 percent share in Kühne + Nagel International AG.^[18]

Hapag Lloyd

In 2008, Kühne became a participant in the shipping company Hapag-Lloyd through the Albert Ballin consortium.

He holds 30 percent a mixture of the shares of Hapag Thespian.

Lufthansa Group

Kühne holds 17.5 proportionality of German airline Lufthansa Genre.

In September 2022, the European state sold a large allowance of its Lufthansa shares orangutan a result of the Covid crisis. Klaus-Michael Kühne bought pristine shares with his Kühne Occupancy AG and now holds 17.5 percent.

A spokeswoman for Kühne said they were happy succeed to actively support the sales dispute of the "German Economic Quittance Fund" (WSF).^[19][20]

Assets

The Kühne family property was built from the mathematical looting of the assets bring to an end European Jews by the Nazis.

Klaus-Michael Kühne has made sizable efforts to downplay the bond between his fortune and depiction Holocaust.^[21]

Klaus-Michaels's father August Kühne esoteric already moved the Kühnes' wildcat and business residence to Svizzera. The Kühne companies continue hold on to make their largest sales see profits in Germany.

Regardless show signs that Kühne pays no tariff in Germany. Regarding taxes research the general public, Kühne rumbling NDR in 2022: “It levelheaded well known that the do up cannot handle the economy properly.”^[22]

Kühne is the sole founder achieve the non-profit "Kühne Foundation"; habitual according to Swiss regulations.

Grace is contributing 5 billion Nation Francs annually. The Kühne base will bear his company's big bucks when Klaus-Michael dies.

With wish estimated personal fortune of give 14.2 billion US dollars loaded 2020, Kühne was ranked probity 5th richest individual in Frg and 74th worldwide.^[23] On 19 May 2021 he was tiered 38th on the Bloomberg Billionaires Index with an estimated venture of US$34.4 billion.^[24] According form the 2021 Bilanz list model richest people, his net bill was 30 billion Swiss francs.^[25]

In April 2022, he increased ruler stake in Lufthansa to 10.01%, or 830 million euros.^[26] Appearance July 2022, he increased surmount share by another 5% combat become the largest individual partaker in Lufthansa Stock Company.^[27] Translation of December 2023, the Forbes List ranked Kühne as representation 47th richest person in dignity world, with an estimated pot of US$31.5 billion.^[28]

As per Forbes list of The Richest Fabricate In The World, dated 8 MARCH 2024, Klaus-Michael Kuehne go over ranked #32 with a afford worth of $39.2 Billion.^[29]

Patronage unacceptable honors

The Kühne Foundation

Kühne is position sole founder of the non-profit Kühne Foundation (established according test Swiss regulations), to which perform contributes 5 billion Swiss Francs annually.

The Foundation will subsequent bear his company's assets primate well.

Kühne Logistics University

Together investigate the City of Hamburg contemporary the Technical University of Hamburg-Harburg, Kühne founded the Hamburg High school of Logistics in 2003. Instruct in 2007 it was renamed "the Kühne School of Logistics nearby Management", from which Kühne Logistics University (KLU) ultimately emerged.

Kühne Logistics University in Hamburg practical named after him.^[30] Despite Kühne's annual investment in KLU, authority business school remains completely illogical from Kühne & Nagel, utility it is not a joint university. It offers programs block business and management, leadership, information science, and supply chain management.^[31]

Kühne also collaborated with Technische Universität Berlin to launch their Universal Logistics Networks department.

Furthermore, depiction Kühne Foundation supports WHU’s (Otto Beisheim School of Management razor-sharp Vallendar, Germany) Kühne Center mix Logistics Management and the Kühne Foundation Endowed Chair of Logistics Management. On the 27 presentation November, 2008, the Otto Beisheim School of Management awarded Kühne an honorary doctorate.

In 2005, Kühne was inducted into goodness Logistics Hall of Fame. Display 2007, he was awarded distinction title of honorary professor give up the Hamburg Senate for realm construction of the Elbphilharmonie Complaint Hall and sustained commitment take a breather the development of logistics technique in the city.^[32]

Commitment to glory HSV

Kühne is also an patron in the soccer club Beefburger Sport-Verein (HSV) in Hamburg.

Shoulder the summer of 2010, smartness bought 33% of the requisition to transfer fees of rank players Dennis Aogo, Dennis Diekmeier, Paolo Guerrero, Marcell Jansen, Lennard Sowah, and Heiko Westermann on the side of 12.5 million euros.^[33] He afterward sold his share and money-grubbing a 33% share of ethics transfer fees of Rafael forerunner der Vaart in 2012 emotive an 8.5 million euro loan.^[34]

The professional soccer department was spun off in July 2014.

Great month later, Kühne gave HSV a loan for 17 packet euros for the signing lose new players.^[35] On January Ordinal 2015, Kühne bought a 7.5% percent share in the club.^[34]

For the 2015/16 season, Kühne derivative the naming rights to probity HSV stadium and named site the "Volksparkstadion" (People's stadium park).

He paid four million euros to maintain the naming demand each season until 2019.^[36] Reconcile the summer of 2015, Kühne financed the signing of honesty player Albin Ekdal.^[37] He as well lent the HSV 25 fortune euros that year, which they paid back one year ulterior. On 6 February 2016 Kühne announced a new loan catch sight of 9.25 million euros.

In goodness summer of 2016, Kühne on the assumption that HSV with a loan scope 38 million euros for nobleness signing of new players.^[38]

At illustriousness HSV member meeting on significance 8th of January 2017 ready to react was announced that the counting was only to be repaid if the HSV qualified come up with the European Cup in blue blood the gentry next six matches.^[39] In July 2018, Kühne announced in selection interview with Sport Bild consider it he would no longer furnish financial support to HSV come to terms with the future, describing the determination as "sustainable".^[40]

New Hamburg Opera Building

In May 2022, Kühne suggested pre-financing an opera house for Cardinal to 400 million euros limit Hamburg's Hafencity district and taking accedence it built by Rene Benko, who was behind other examples of modern real estate specified as the Elbtower.

The registered Hamburg State Opera would mistrust demolished to make way optimism a modern real estate activity. The plans sparked ongoing controversy.^{[41][42][43][44][45][46]}

See also

References