Klaus-Michael Kuhne

Klaus-Michael Kuhne Net Worth

$13 Billion
Richest BusinessRichest Billionaires
Net Worth:
$13 Billion
Date of Birth:
Jun 2, 1937 (85 years old)
Place of Birth:
­čĺ░ Compare Klaus-Michael Kuhne's Net Worth

Klaus-Michael Kuhne net worth: Klaus-Michael Kuhne has a net worth of $13 billion dollars which makes him one of the richest people in Germany. Born in Hamburg, Germany, Klaus-Michael Kuhne inherited Kuhne + Nagel AG from his grandfather. The company was founded in 1890 and focuses on transportation and logistics. Klaus-Michael Kuhne serves as executive chairman, and has also served as honorary chairman of the Board of Directors since the 1970s. He is the majority owner of Kuhne + Nagel, and currently holds 53% of the company. He is also part of the Albert Ballin KG group, a group of investors who joined together in an effort to keep one of Germany's oldest shipping companies, Hapag Lloyd, from leaving the country. Though much of his work is based Germany, he makes his home in Switzerland, in the city of Schindellegi. He has lived there for the majority of the year since the mid-70s. It is reported that he lives in a large house custom-designed to look like an ocean liner.

Net Worth details: Klaus-Michael Kuehne has a 53.3 percent stake in the world's biggest sea-freight forwarder, Kuehne + Nagel. Kuehne also owns 20.2 percent of Hapag-Lloyd, a container shipping company which he has invested more than $820 million in since 2008. He is also an 11 percent owner in the German football club Hamburg SV, which he converted an 18.8 million euro loan to purchase.

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