Klaus-Michael Kühne: The Business Tycoon Behind HSV and Forbes’ Richest Germans List

Klaus-Michael Kühne: The Business Tycoon Behind HSV and Forbes’ Richest Germans List

2024-02-22 17:28:15

Hamburg – Klaus-Michael Kühne (86) from Hamburg became known to the general public in Germany through his commitment as an HSV fan. Among other things, he ensured that the Volksparkstadion in Hamburg was called the Volksparkstadion once more. Kühne also pumped millions into HSV to help the football club.

First HSV-PKBaumgart regarding bed linen and the diamond

Those: SID20.02.2024

His real business is with a freight forwarding company, which he took over from his father in 1966 and expanded into a global logistics group with 78,000 employees in 106 countries. Kühne also holds shares in Hapag-Lloyd, among others, is the largest shareholder in Lufthansa and still holds shares in his heart club Hamburger SV.

Now the native of Hamburg, who lives in Switzerland, has made it into the real-time ranking of “Forbes“made it to number one on the list of the richest Germans! According to the business magazine, he currently owns an incredible $42.5 billion (€39 billion), eight billion dollars more than a month ago.

The daily updated estimates from the business magazine depend, among other things, on developments on the stock market and the diverse holdings of the super-rich. And with that, Klaus-Michael Kühne recently made a lot of money.

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After graduating from high school, Klaus-Michael Kühne completed a two-year apprenticeship as a banking and foreign trade clerk at the Münchmeyer & Co. bank. He then worked for friendly freight forwarding companies, shipping companies and ship brokers until he joined the family freight forwarding company in 1958.

Klaus-Michael Kühne with his wife Christine

Klaus-Michael Kühne with his wife Christine

Photo: picture alliance / Franz Neumayr / picturedesk.com

When Kühne + Nagel was converted into a stock corporation, he became chairman of the board in 1966 and moved the company headquarters to Switzerland in 1969.

With his new billion-plus profit, Kühne has dethroned the 84-year-old Lidl founder Dieter Schwarz. According to Forbes, he recently lost a lot of money. A few weeks ago it was clearly ahead at $46.4 billion. Now Schwarz’s fortune is “only” estimated at $38.4 billion.

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