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.

    • gedfromgont@piefed.caEnglish
      4·
      6 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·
      6 days ago

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