Klaus-Michael Kühne

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

Klaus-Michael Kühne
Kühne in 2012
Born (1937-06-02) 2 June 1937
Hamburg, Germany
OccupationBusinessman
Known forRichest person in Germany
TitleHonorary chairman, Kühne + Nagel[1]
ParentAlfred Kühne
RelativesAugust Kühne (grandfather)
Websitewww.kn-portal.com

Career

In 1963, he joined his father Alfred Kühne (1895–1981)[4] as a junior partner at Kühne + Nagel. He has lived in Switzerland since 1975 in the city of Schindellegi, the location of the Kühne + Nagel headquarters. He became CEO of the company in 1996.

He also runs Kuhne Holding AG. In 2016, the company acquired 20% of VTG, a rail logistics company.[5][1] In April 2020, Kühne upped his stake in shipping company Hapag-Lloyd to 30%, having previously owned 26% of the business, making him the largest shareholder.[6][7]

In 2022, he doubled his stake in Deutsche Lufthansa AG, Germany's largest airline.[8]

Honors

The Kühne Logistics University in Hamburg is named after him.[9]

See also

References
  1. "Klaus-Michael Kuehne". Forbes. Retrieved 30 April 2015.
  2. "Bloomberg Billionaires Index: Klaus-Michael Kühne". Bloomberg. 6 October 2021.
  3. Kühne + Nagel annual report 2006
  4. Kühne, Alfred Deutsche Biografie (1982)
  5. "Morgan Stanley Infrastructure bids to take over Germany's VTG". Reuters. 16 July 2018. Retrieved 2 December 2020.
  6. Lewis (i_lewis), Ian. "No let up as rally in Hapag-Lloyd share price continues | TradeWinds". TradeWinds | Latest shipping and maritime news. Retrieved 2 December 2020.
  7. "Kühne ups stake in Hapag-Lloyd". Splash247. 1 April 2020. Retrieved 2 December 2020.
  8. Philip, Siddharth Vikram (11 April 2022). "German Freight Billionaire Kuehne Doubles Stake in Lufthansa". Bloomberg. Retrieved 8 June 2022.
  9. "About KLU". Kühne Logistics University. Retrieved 12 January 2020.
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