Death of Germany's richest man creates a giant charitable foundation
www.euronews.com
Klaus-Michael Kühne had no children and lived in a Swiss canton with zero inheritance tax. When he died, his €42.2bn fortune passed tax-free into a decades-old charity, instantly making it one of the wealthiest foundations in Europe.

Klaus-Michael Kühne had no children and lived in a Swiss canton with zero inheritance tax. When he died, his €42.2bn fortune passed tax-free into a decades-old charity, instantly making it one of the wealthiest foundations in Europe.

  • mustbe3to20signs@feddit.orgEnglish
    66·
    8 days ago

    BTW his/his company’s money originally stems from collecting, transporting and selling killed Jews belongings. He fought all his life to make people forget this.

    • lath@piefed.socialEnglish
      165·
      8 days ago

      Hmm. Would be fun to have those funds used for rebuilding Palestine.

      • nimisnimi@lemmy.caEnglish
        413·
        8 days ago

        You have a very weird understanding of “fun”.

        And your suggestion is quite self-denouncing too, imo.

          • gedfromgont@piefed.caEnglish
            4·
            5 days ago

            It moved, as planned decades in advance, into the Kühne Foundation, a charity he set up with his parents about 50 years ago.

            If you think that charity was going to feed the poor or something, this does not sound too promising.

          • distal@lemmy.mlEnglish
            22·
            5 days ago

            Charities are famously reliable and that unkills the people who were killed by Nazi Germany for businesses like his