Networth: 32 Billion
Country: Germany
Industry: Logistics
Logistics magnate Klaus-Michael Kuehne is honorary chairman of Kuehne + Nagel International AG, based in ‎Schindellegi‎, Switzerland.He joined the company, cofounded by his grandfather, in 1958, eventually taking over as CEO in 1966.In 2016, his Kuehne Holding AG acquired 20% of VTG, a rail logistics company. Two years later, it sold the stake to Morgan Stanley Infrastructure.He owns roughly 30% of shipping and logistics company Hapag-Lloyd, a holding he has steadily increased in recent years.Kuehne is an only child and has no children. His charitable foundation will manage his wealth upon his death.
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