← Back to events
ActiveWorld

The death of Germany's richest man creates one of Europe's biggest foundations

Photo: Euronews

What happened

Klaus-Michael Kühne had no children and lived in a Swiss canton with zero inheritance tax. When he died, his €42.2bn fortune passed tax-free into a decades-old charity, instantly making it one of the wealthiest foundations in Europe.

Summary assembled by rule from the sources below

Sources