The German is a logistics and international transportation magnate who ranks 32nd among the millionaires in the world, according to Forbes.
Klaus-Michael Kühne He is one of the biggest millionaires in the world and is the wealthiest man in Germany. Businessman He is the current president and the majority partner by Kuehne + Nagel, one of the world’s leading logistics companies. The German has 53.3% of the association that It had a turnover of 35.9 million in 2021.
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On the official Kuhne + Nagel website it was reported that the company has 1,300 offices around the world, with more than 81 thousand workers. They proclaim themselves the main carriers of sea and air routes in the worldin addition to its traditional road shipments.
The international transport giant also He is the largest shareholder of the shipping company Hapag-Lloyd, with 30% of its shares. But his capital moves in all terrain. His latest transactions diversified to reach one of the largest European airlines, Lufthansa, to take over 17.5% of the business.
How Klaus-Michael Kühne made his fortune
The 85-year-old German tycoon joined the logistics business in 1958, by joining the company co-founded by his grandfather. He rose to CEO in just eight years, but his career to the top was longer. Klaus managed to take Kuehne + Nagel public in the early 90s, this milestone within the company catapulted him to be its president in 1998.
What Klaus-Michael Kühne did to avoid paying taxes in Germany
Embed – On the road: Ein Tag als Berufskraftfahrer:in bei Kühne+Nagel
One of the actions that allowed Kuehne + Nagel to grow was devised by Klaus, shortly after his arrival. The German devised move the company headquarters and residence to Schwyz, Switzerland. This new terrain had the great attraction of a more favorable tax system for the company. But it was affected by criticism in her homeland.
Klaus-Michael Kühne’s net worth in 2024
Forbes He reported that The fortune of the German logistics magnate amounts to 39.2 billion of dollars and ranks 32nd among the largest millionaires in the world. This large amount of money allows him to invest in his passions. One of them is the Hamburg SV soccer club, which he has been a fan of since childhood and one of the minority owners. With his help, many signings were financed, the most relevant being that of Rafael Van der Vaart in 2010.
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Klaus’ legacy is also notable for his philanthropy, since the Hamburg University of Logistics is named after him and was created by his foundation. Kuhne Logistics University (KLU) consists of two departments: Logistics and Management and Economics. It is located in the urban area of HafenCity (Germany) and all its classes are taught in English.
