Klaus-Michael Kühne Net Worth & Biography
|Popular Name:||Klaus-Michael Kühne|
|Real Name:||Klaus-Michael Kühne|
|Birth Date:||2 June 1937|
|Birth Place:||Hamburg, Germany|
|Net Worth:||$13 Billion|
Klaus-Michael Kuehne is a German businessman and investor, who, as of this writing, has a net worth of 13 billion dollars (according to a recent Forbes estimate. Born in 1937, Mr. Kuehne rose to prominence and wealth after making significant investments in a number of business ventures that turned out successful for him. Today, he is known to be the majority owner and executive chair of the international transport and logistics company Küehne + Nagel, an establishment that was founded by his grandfather August Kuehne. Mr. Klaus-Michael Kuehne has been running and managing Kuehne and Nagel for more than forty years now. Through Kuehne and Nagel Holding AG, this respected businessman currently owns a 53.3 percent stake in Kuhne und Nagel International AG which is a known publicly-traded company. After stepping down from the role as the Chairman of the Executive Committee at the company, he currently serves as an Honorary Chairman of the company which is ranked among the leading businesses in Germany. Today, Mr. Kuehne owns 28.2 percent of the 77.96 percent which is held by Hamburgische Seefahrtsbeteiligung “Albert Ballin” GmbH & Company KG in Hapag-Lloyd Holding AG. Hapag-Lloyd Holding AG is known to be one of the leading operators of container ships in the world today. By the end of 2012, Hapag-Lloyd and Hamburg Sud were reported to have a merging. The merging would lead to the forming of the world’s fourth-largest container shipping company. Information at our disposal suggests that the company currently has sales amounting to $10 billion and hires more than 11,500 employees to work in its branches located in over 10 countries. Details on the life and success story of the business tycoon Klaus-Michael has been provided below.
Early Life: Childhood, Education
The German billionaire businessman, Klaus-Michael Kühne, was born on 2 June 1937, in Hamburg, Germany. His grandfather, August Kühne, was the German business tycoon who started the now successful internationally-acclaimed company Kuhne and Nagel, many years before Michael was born. He is the son of Alfred Kühne who died in 1981 and left absolute control of the Kuhne and Nagel Company in the care of a then 44-year-old Michael Kuhne.
Professional Life: Business Career, Accomplishments
Mr. Klaus-Michael is, as of this writing, the honorary chairman and majority owner (with a 53.3 percent stake) of the transport company Kühne and Nagel which was co-founded by his grandfather, August Kühne.
In 1963, Klaus-Michael joined his father Alfred as a junior partner at the company. He has been a resident of Switzerland since 1975, in the city Schindellegi, where the Kühne and Nagel headquarter is located. He became the company’s chief executive officer in 1996.
In addition to the above-mentioned details, Mr. Klaus-Michael also runs Kuhne Holding AG. In 2016 the company purchased 20 percent of VTG, a rail logistics company. In April 2020, the businessman increased his stake in shipping company Hapag-Lloyd to 30 percent, having previously owned 26 percent of the business. His new investment position makes him the largest shareholder of the company.
Kuehne + Nagel International AG is a transport and logistics group based in Schindellegi, Switzerland. It was founded by August Kühne and Friedrich Nagel in 1890, in Bremen, Germany, and provides sea freight and air freight forwarding, overland businesses, and contract logistics. It currently has more than 1,336 offices in 109 countries, employing around 82,000 people.
Achievements: Awards & Honors
As of April 2022, several online wealth and finance estimators adjudge Mr. Kühne to be the richest person in Germany. There’s nothing on the records regarding his success in terms of awards and accolades, but that’s not significant in the grand scheme of things considering all that this man has accomplished in business. The Kühne Logistics University in Hamburg, Germany, is named after him.
Klaus-Michael Kuhne Net Worth
Mr. Klaus-Michael Kuhne currently has a net worth of 13 billion dollars, all earned from his numerous businesses and investments. Known to be one of the richest people in Germany, Klaus-Michael Kuhne, who inherited Kuhne and Nagel AG from his grandfather, has made most of his money from successfully heading the family business. The company was founded by his grandfather August Kuhne in 1890 and focuses on transportation and logistics. Klaus-Michael Kuhne who serves as executive chairman of the company currently holds 53 percent of the company and serves as the company’s majority shareholder.
Klaus-Michael is mainly concerned with Hapag-Lloyd, a container shipping firm in which he has invested more than $820 million since 2008 and currently holds 20 percent share of, and of course, the world’s biggest sea-freight forwarder, Kuehne and Nagel where he holds a 53 percent stake. Deeply passionate about sports, particularly football, this intelligent investor is also an 11 percent owner of Hamburg SV, a professional German football club that he purchased with an 18.8 million euro loan.