The death of Germany's richest man creates one of Europe's biggest foundations
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 m
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.
Source: Euronews. Read the original report ↗
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This brief is based on reporting by Euronews.