bill38@feddit.fr to

Europe@feddit.orgEnglish · 9 days ago

The death of Germany's richest man creates one of Europe's biggest foundations

www.euronews.com

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The death of Germany's richest man creates one of Europe's biggest foundations

www.euronews.com

bill38@feddit.fr to

Europe@feddit.orgEnglish · 9 days ago

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.

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gedfromgont@piefed.ca
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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.
- cryptTurtle@piefed.social
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  5 days ago
  Either way we’ll just have to wait and see what happens

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