Klaus-Michael Kuehne
$39.3B
Born
Jun 02, 1937
Age
88
Source of Wealth
Shipping
Residence
Schindellegi,
Citizenship
Germany
Marital Status
Married
Children
0
Education
- Logistics magnate Klaus-Michael Kuehne is honorary chairman of Kuehne + Nagel International AG, based in ‎Schindellegi‎, Switzerland.
- He joined the company, cofounded by his grandfather, in 1958, eventually taking over as CEO in 1966.
- In 2016, his Kuehne Holding AG acquired 20% of VTG, a rail logistics company. Two years later, it sold the stake to Morgan Stanley Infrastructure.
- He owns roughly 30% of shipping and logistics company Hapag-Lloyd, a holding he has steadily increased in recent years.
- Throughout the course of 2022, he acquired a 17.5% in Lufthansa, the German airline carrier, and became its largest single investor.
- Despite expressing frustration with the team's performance, Kuehne remains a minority owner of Hamburger SV, which plays in the second tier of pro soccer in Germany.
- He transformed the 600-year old Castell Son Claret on Mallorca into a luxury hotel, and built another hotel, The Fontenay, in Hamburg.
- Kuehne is an only child and has no children. His charitable foundation will continue to manage his wealth after he passes away.
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