Karl-Heinz Kipp Net Worth

How much is Karl-Heinz Kipp Worth?

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Karl-Heinz Kipp Net Worth
Net Worth:
$5.2 Billion
Date of Birth
1924
Profession
Businessperson, Entrepreneur

Karl-Heinz Kipp Net Worth: Karl-Heinz Kipp is a German property owner who has a net worth of $5.2 billion. Born in 1924, he made his fortune by founding a massive chain of department stores Massa. His career began in 1948 with selling clothes, and his first Massa department store was opened in 1965. Playing smart, Kipp sold the Massa shares in 1987, but kept the property of the stores, which he now rents to the retailer Metro. From selling clothes, Kipp spins his interest in real estate. He possessed several real estate assets in the US, including high-end properties in Manhattan and 950 Third Avenue which he later divested. Now, Kipp owns few luxury hotels in Switzerland and resorts jointed in Tschuggen Hotel Group. Together with his wife, Hannelore, they spend their days in his Swiss five-star luxury hotel Tschugeen Grand in Arosa, but also they occasionally pay a visit to the Hotel Eden Roc in Ascona and the Carlton Hotel in St Moritz.

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Prior to launching Celebrity Net Worth, Brian spent seven years as the Managing Editor of one of the largest entertainment portals on the internet. Before that, Brian attended Georgetown University where he double majored in finance and marketing. A native of Northern California, Brian currently resides in Los Angeles. Follow him on Google+.
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Karl-Heinz Kipp

Karl-Heinz Kipp

Karl-Heinz Kipp is the billionaire founder of the Massa chain of German department stores and, having since sold the business whilst keeping the property, has a large property portfolio. In 2010 the Forbes list of the world's richest people ranked him 154th with net wealth o...
Profession
Date of Birth
  • 1924
Nationality
  • Germany
Country
  • Germany
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