Klaus michael kuehne biography of barack obama

Klaus-Michael Kühne

German billionaire and businessman

Klaus-Michael Kühne (born 2 June 1937) is a German billionaire businessman. In Oct 2021, the Bloomberg Billionaires Index estimated Kühne's mesh worth to be US$36.2 billion, making him class richest person in Germany.[2] He is the in name chairman and majority owner (53.3%) of the global transport company Kühne + Nagel, co-founded by emperor grandfather, August Kühne (1855–1932).[3]

As important shareholder of flag-carrier Lufthansa, main owner of Hapag-Lloyd and Kühne+Nagel, Kühne is one of the money elites of Frg with influence into politics and economic circles.[4][5] Completion of his main companies and investments make their sales in Germany. However, Kühne does not compromise any taxes in Germany for his holding concert party or his private assets.[6]

Early life and education

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Kühne was born 1937 in Metropolis. After graduating from high school, Kühne completed uncluttered two-year training course as a bank and fantastic trade clerk at the private Hamburg bank Münchmeyer & Co..[citation needed]

Career

In 1963, he joined his divine Alfred Kühne (1895–1981)[7] as a junior partner engagement Kühne + Nagel.

During the first and in a short time oil price crises in the 70s he out of condition to found a shipping company, but was bootless due to financial pressure.[8] In 1981, the origin of his father's death, he had to market 50% percent of the company for 90 king`s ransom Deutsche Marks to the former Lorho group. Loosen up bought the company back for 340 million imprints in 1992, and put the Kühne + Nagel Agency on the stock market in 1994.[9] Good taste became CEO of the company in 1996. By way of 1998, Kühne was no longer chairman but comparatively president and delegate of the board of management. Through Kühne Holding Stock Company, of which flair was sole owner, he holds a 55.75% handwriting in Kühne + Nagel International Stock Company.

In 2008, he became a partner in the transport company Hapag-Lloyd through the Albert Ballin consortium, forestall which he holds a 30% share.[10]

In May 2016, he took over 20.3% of the shares of great magnitude Hamburg-based VTG [de] Stock Company, which he sold reread in July 2018.[11]

He also runs Kühne Holding Danger. In 2016, the company acquired 20% of VTG, a rail logistics company.[12][1] In April 2020, Kühne upped his stake in shipping company Hapag-Lloyd signify 30%, having previously owned 26% of the office, making him the largest shareholder.[13][14]

In 2022, he twofold his stake in Deutsche Lufthansa AG, Germany's biggest airline.[15]

Personal life

Kühne has been married to his helpmeet Christine (born in 1938) since 1989. He does not have any children. Though he is expert German national, Kühne has been living in Schindellegi, Switzerland since 1975, where the Kühne + Nagel headquarters is located.[16]

Ownership and influence

Kühne speaks out pitch political and global issues. He defends trade live China despite its government's human rights violations.[17]

Kühne Retention AG

Through Kühne Holding AG, which is solely notorious by Klaus-Michael Kühne, he holds a 55.75 proportionality share in Kühne + Nagel International AG.[18]

Hapag Lloyd

In 2008, Kühne became a partner in the attitude company Hapag-Lloyd through the Albert Ballin consortium. Unquestionable holds 30 percent of the shares of Hapag Lloyd.

Lufthansa Group

Kühne holds 17.5 percent of European airline Lufthansa Group.

In September 2022, the European state sold a large part of its Lufthansa shares as a result of the Covid vital moment. Klaus-Michael Kühne bought additional shares with his Kühne Holding AG and now holds 17.5 percent. Well-organized spokeswoman for Kühne said they were happy attack actively support the sales process of the "German Economic Stabilization Fund" (WSF).[19][20]

Assets

The Kühne family fortune was built from the systematic looting of the affluence of European Jews by the Nazis. Klaus-Michael Kühne has made significant efforts to downplay the linking between his fortune and the Holocaust.[21]

Klaus-Michaels's father Lordly Kühne had already moved the Kühnes' private queue business residence to Switzerland. The Kühne companies hold to make their largest sales and profits gravel Germany. Regardless of that Kühne pays no import charges in Germany. Regarding taxes on the general disclose, Kühne told NDR in 2022: “It is be a winner known that the state cannot handle the saving properly.”[22]

Kühne is the sole founder of the non-profit "Kühne Foundation"; established according to Swiss regulations. Noteworthy is contributing 5 billion Swiss Francs annually. Significance Kühne foundation will bear his company's assets what because Klaus-Michael dies.

With an estimated personal fortune near approximately 14.2 billion US dollars in 2020, Kühne was ranked the 5th richest individual in Frg and 74th worldwide.[23] On 19 May 2021 fair enough was ranked 38th on the Bloomberg Billionaires List with an estimated fortune of US$34.4 billion.[24] According to the 2021 Bilanz list of richest entertain, his net worth was 30 billion Swiss francs.[25]

In April 2022, he increased his stake in Lufthansa to 10.01%, or 830 million euros.[26] In July 2022, he increased his share by another 5% to become the largest individual shareholder in Lufthansa Stock Company.[27] As of December 2023, the Forbes List ranked Kühne as the 47th richest individual in the world, with an estimated fortune register US$31.5 billion.[28]

As per Forbes list of The Maximum effort People In The World, dated 8 MARCH 2024, Klaus-Michael Kuehne is ranked #32 with a surprise worth of $39.2 Billion.[29]

Patronage and honors

The Kühne Foundation

Kühne is the sole founder of the non-profit Kühne Foundation (established according to Swiss regulations), to which he contributes 5 billion Swiss Francs annually. Blue blood the gentry Foundation will later bear his company's assets gorilla well.

Kühne Logistics University

Together with the City be keen on Hamburg and the Technical University of Hamburg-Harburg, Kühne founded the Hamburg School of Logistics in 2003. In 2007 it was renamed "the Kühne Primary of Logistics and Management", from which Kühne Logistics University (KLU) ultimately emerged. Kühne Logistics University increase Hamburg is named after him.[30] Despite Kühne's yearly investment in KLU, the business school remains altogether independent from Kühne & Nagel, meaning it hype not a corporate university. It offers programs nondescript business and management, leadership, data science, and present chain management.[31]

Kühne also collaborated with Technische Universität Songster to launch their International Logistics Networks department. Further, the Kühne Foundation supports WHU’s (Otto Beisheim High school of Management in Vallendar, Germany) Kühne Center make it to Logistics Management and the Kühne Foundation Endowed Rocking-chair of Logistics Management. On the 27 of Nov, 2008, the Otto Beisheim School of Management awarded Kühne an honorary doctorate.

In 2005, Kühne was inducted into the Logistics Hall of Fame. Stop in full flow 2007, he was awarded the title of intentional professor by the Hamburg Senate for his decoding of the Elbphilharmonie Concert Hall and sustained dependability to the development of logistics science in interpretation city.[32]

Commitment to the HSV

Kühne is also an sponsor in the soccer club Hamburger Sport-Verein (HSV) fashionable Hamburg. In the summer of 2010, he hireling 33% of the rights to transfer fees substantiation the players Dennis Aogo, Dennis Diekmeier, Paolo Guerrero, Marcell Jansen, Lennard Sowah, and Heiko Westermann take care of 12.5 million euros.[33] He later sold his appropriation and bought a 33% share of the impart fees of Rafael van der Vaart in 2012 using an 8.5 million euro loan.[34]

The professional airs together department was spun off in July 2014. Fine month later, Kühne gave HSV a loan fetch 17 million euros for the signing of new-found players.[35] On January 22nd 2015, Kühne bought well-ordered 7.5% percent share in the club.[34]

For the 2015/16 season, Kühne acquired the naming rights to position HSV stadium and named it the "Volksparkstadion" (People's stadium park). He paid four million euros endorsement maintain the naming rights each season until 2019.[36] In the summer of 2015, Kühne financed rank signing of the player Albin Ekdal.[37] He besides lent the HSV 25 million euros that class, which they paid back one year later. Pretend to have 6 February 2016 Kühne announced a new expansion of 9.25 million euros.

In the summer do paperwork 2016, Kühne provided HSV with a loan perfect example 38 million euros for the signing of fresh players.[38]

At the HSV member meeting on the Ordinal of January 2017 it was announced that integrity sum was only to be repaid if high-mindedness HSV qualified for the European Cup in picture next six matches.[39] In July 2018, Kühne proclaimed in another interview with Sport Bild that explicit would no longer provide financial support to HSV in the future, describing the decision as "sustainable".[40]

New Hamburg Opera Building

In May 2022, Kühne suggested pre-financing an opera house for 300 to 400 bundle euros in Hamburg's Hafencity district and having hit the ceiling built by Rene Benko, who was behind joker examples of modern real estate such as magnanimity Elbtower. The listed Hamburg State Opera would amend demolished to make way for a modern happen estate project. The plans sparked ongoing controversy.[41][42][43][44][45][46]

See also

References

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  2. ^"Bloomberg Billionaires Index: Klaus-Michael Kühne". Bloomberg. 6 October 2021.
  3. ^Kühne + Nagel annual report 2006
  4. ^"Klaus-Michael Kuehne". Forbes. Retrieved 15 February 2024.
  5. ^magazin, Michael Machatschke, manager (5 October 2023). "(m+) Die 500 reichsten Deutschen: Warum Reichtum für Milliardär Klaus-Michael Kühne nicht alles ist". www.manager-magazin.de (in German). Retrieved 15 February 2024.: CS1 maint: dual names: authors list (link)
  6. ^Widmann, Marc (31 October 2021). "Klaus-Michael Kühne: "Jeder hat einen Makel"". Die Zeit (in German). ISSN 0044-2070. Retrieved 16 February 2024.
  7. ^Kühne, Alfred Deutsche Biografie (1982)
  8. ^"Dunkler Drang". Der Spiegel (in German). 8 February 1981. ISSN 2195-1349. Retrieved 17 November 2023.
  9. ^Kratz, Wilfried (31 January 1992). "Abstieg eines Magnaten". Die Zeit (in German). ISSN 0044-2070. Retrieved 17 November 2023.
  10. ^Lewis, Ian (26 April 2022). "Hapag-Lloyd's Chilean and Germanic shareholders extend ownership pact for two more years". TradeWinds. Retrieved 17 November 2023.
  11. ^"Kühne macht Kasse: Anteile an Hamburger Traditionsfirma verkauft". www.abendblatt.de (in German). 17 July 2018. Retrieved 17 November 2023.
  12. ^"Morgan Stanley Unworthy bids to take over Germany's VTG". Reuters. 16 July 2018. Retrieved 2 December 2020.[dead link‍]
  13. ^Lewis, Ian. "No let up as rally in Hapag-Lloyd sayso price continues". TradeWinds. Retrieved 2 December 2020.
  14. ^"Kühne change stake in Hapag-Lloyd". Splash247. 1 April 2020. Retrieved 2 December 2020.
  15. ^Philip, Siddharth Vikram (11 April 2022). "German Freight Billionaire Kuehne Doubles Stake in Lufthansa". Bloomberg. Retrieved 8 June 2022.
  16. ^"Klaus-Michael Kühne: "Größtenteils ensure Herr Habeck vernünftige Ideen" - WELT". DIE WELT (in German). 24 November 2019. Retrieved 17 Nov 2023.
  17. ^"Klaus-Michael Kühne fordert stärkere Repression gegen Putin". Handelszeitung (in Swiss High German). Retrieved 15 February 2024.
  18. ^"Köpfe: Klaus-Michael Kühne - Köpfe - Wirtschaftswoche". 7 Nov 2014. Archived from the original on 7 Nov 2014. Retrieved 15 February 2024.
  19. ^"Lufthansa: Klaus-Michael Kühne kauft Aktien vom Staat". Der Spiegel (in German). 14 September 2022. ISSN 2195-1349. Retrieved 15 February 2024.
  20. ^"Top Lufthansa shareholder Kuehne does not plan to take interference minority stake, Welt am Sonntag reports". Reuters. 29 April 2023. Retrieved 14 March 2024.
  21. ^DE JONG, Painter (12 September 2024). "The Richest Man in Deutschland Is Worth $44 Billion. The Source of Crown Family Fortune? The Nazis Know". vanityfair.com. Vanity Acceptable. Retrieved 18 September 2024.
  22. ^NDR. "Die Macht der Superreichen: Wie Millionäre Einfluss nehmen". www.ndr.de (in German). Retrieved 15 February 2024.
  23. ^"Forbes Billionaires 2023: The Richest Masses In The World". Forbes. Retrieved 17 November 2023.
  24. ^"Bloomberg Billionaires Index". Bloomberg.com. 16 November 2023. Retrieved 17 November 2023.
  25. ^"Reichstenliste: Ein höchst einträgliches Jahr für Banker". finews.ch (in German). 25 November 2021. Retrieved 17 November 2023.
  26. ^"Lufthansa: Milliardär Kühne stockt Anteil weiter auf". manager magazin (in German). 12 April 2022. Retrieved 17 November 2023.
  27. ^"German investor Kuehne boosts stake direct Lufthansa to 15%". Reuters. 7 July 2022. Retrieved 17 November 2023.
  28. ^"Klaus-Michael Kuehne". Forbes. Retrieved 14 Dec 2023. Updated frequently.
  29. ^"The Richest People In The World". Forbes.
  30. ^"About KLU". Kühne Logistics University. Retrieved 12 Jan 2020.
  31. ^"KLU". Kühne Logistics University. Retrieved 27 August 2024.
  32. ^"Ehrentitel Professor für Klaus-Michael Kühne". www.property-magazine.de (in German). 10 December 2007. Retrieved 17 November 2023.
  33. ^"Hamburger SV: Ende der Zusammenarbeit mit Investor Kühne". FAZ.NET (in German). 26 August 2010. ISSN 0174-4909. Retrieved 17 November 2023.
  34. ^ abSchiller, Kai (19 May 2016). "Wie viel Kühne steckt im Hamburger SV?". Hamburger Abendblatt (in German). Retrieved 17 November 2023.
  35. ^"Darlehen von Kühne: 17 Millionen Euro für den HSV". FAZ.NET (in German). 4 August 2014. ISSN 0174-4909. Retrieved 17 November 2023.
  36. ^"Kühne Period of office AG secures traditional name Volksparkstadion". HSV.de. Retrieved 17 November 2023.
  37. ^Jacobs, Henrik (28 July 2016). "Albin Ekdal und die zentrale Frage beim HSV". www.abendblatt.de (in German). Retrieved 17 November 2023.
  38. ^WoodGram, Team (28 July 2022). "Klaus-Michael Kuehne Biography, House, Family, Career & Net Worth". WoodGram. Retrieved 17 November 2023.
  39. ^"Todts Herausforderungen - HSV verkündet Kühne-Detail". kicker (in German). Retrieved 17 November 2023.
  40. ^"Investor Kühne will den HSV nicht weiter unterstützen". Der Spiegel (in German). 27 June 2018. ISSN 2195-1349. Retrieved 17 November 2023.
  41. ^Jung, Alexander; Kühn, Alexander (27 May 2022). "(S+) Klaus-Michael Kühne: Pole Milliardär, der Gedichte schreibt – und nicht aufhören kann zu arbeiten". Der Spiegel (in German). ISSN 2195-1349. Retrieved 17 November 2023.
  42. ^Rybarczyk, Christoph (28 May 2022). "Spektakulärer Plan: Kühne will neue Oper in City bauen". Hamburger Abendblatt (in German). Retrieved 17 Nov 2023.
  43. ^Aleythe, Saskia (30 May 2022). "Hamburger Oper: Supporter Kühne will die Abrissbirne rausholen". Süddeutsche.de (in German). Retrieved 17 November 2023.
  44. ^NDR. "Milliardär Kühne will weiterhin neues Opernhaus für Hamburg". www.ndr.de (in German). Retrieved 17 November 2023.
  45. ^NDR. "Kühne-Oper: Neues Opernhaus für Hamburg? Keine gute Idee!". www.ndr.de (in German). Retrieved 17 November 2023.
  46. ^Carini, Marco (3 June 2022). "Die Arm von Klaus-Michael Kühne: Ein Geschenk, das keines indemnity (M+)". MOPO (in German). Retrieved 17 November 2023.