Germany's richest man dies: His life was filled with money, passion for sport, and shadows of the past
Translated from Croatian, summarized and contextualized by DistantNews.
At a glance
- Klaus-Michael Kühne, Germany's wealthiest man, died at age 89 in Switzerland, leaving behind a fortune estimated at over $40 billion.
- Kühne, honorary president of the logistics giant Kühne + Nagel, was a passionate supporter of the football club Hamburger SV (HSV), investing millions to help the team.
- His most notable gesture for HSV was repurchasing the stadium's naming rights in 2015 and restoring its original name, Volksparkstadion, prioritizing tradition over commercial interests.
Klaus-Michael Kühne, recognized as Germany's richest man with a net worth exceeding $40 billion, has passed away at the age of 89 in his villa in Schindellegi, Switzerland.
Kühne, the honorary president of the logistics powerhouse Kühne + Nagel, was known for his deep emotional connection to his hometown and particularly to the football club Hamburger SV (HSV). His involvement with the club, which began in 2010, was driven by passion rather than profit, aiming to restore HSV to its former glory.
He bought back the rights to the stadium's name and, instead of naming it after one of his companies, returned its legendary name – Volksparkstadion.
He invested tens of millions of euros into the club, initially through player transfer shares and later through substantial loans to enhance competitiveness. A particularly memorable act occurred in 2015 when Kühne bought back the naming rights to HSV's stadium. Instead of branding it with one of his companies, he reinstated its historic name, Volksparkstadion, a move widely seen as a testament to his dedication as a true fan who valued tradition above commercial gain.
Despite his significant financial backing, including millions in loans and a 7.5% stake in the club, HSV's performance often led to Kühne's public frustration. He expressed anger over poor management and player decisions, even calling a former striker a "failure of the century." The club's relegation to the second division was a particularly painful blow. Although he announced an end to his financial support in 2018, describing it as "sustainable," those close to him said he continued to follow HSV's matches with unwavering passion until his final days. The club recently celebrated its return to the first league, a moment Kühne reportedly witnessed from his home.
It was a move by a true fan, a message that tradition is above commercial interests.
Originally published by Večernji List in Croatian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.