Klaus Michael Kuehne
Top 7 in Top 10 Richest People In Europe
The 7th person on the list of the richest people in Europe is Klaus-Michael Kühne. He was born in Hamburg on June 2, 1937, to Alfred Kühne (1895–1981), a transportation entrepreneur, and his wife Mercedes. Klaus-Michael Kühne was named Chief Executive Officer of the newly formed Kuehne and Nagel Group in 1966. He served in this capacity until 1975. The company's headquarters were transferred to Schindellegi, a Swiss village on Lake Zurich, under his administration. His Kuehne Holding AG bought a 20% interest in VTG, a rail transit firm, in 2016. Morgan Stanley Infrastructure bought the company two years later.
Klaus-Michael Kühne controls around 30% of Hapag-Lloyd, a shipping and logistics firm. In recent years, his holdings have gradually risen. Kuehne is an only kid without any siblings. Upon his death, his estate will be managed by his charity. The Kühnes established the non-profit Kühne foundation in 1976. It focuses on two areas: first, supporting transportation and logistics training, further education, scholarships, and research; and second, supporting medical sciences, humanitarian, philanthropic, and cultural programs. It was also established in the Swiss town of Schindellegi. He presently contributes $5 million to this organization every year.
Net worth: $37 billion
Country: Germany
