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'''Karl-Heinz Kipp''' (12 February 1924 – 11 October 2017)<ref>http://www.allgemeine-zeitung.de/lokales/alzey/alzey/massa-gruender-und-alzeyer-ehrenbuerger-karl-heinz-kipp-gestorben_18244814.htm</ref> was the German billionaire founder of the Massa chain of German [[department stores]] and, having since sold the business whilst keeping the property he possessed a large property portfolio.<ref name=Forbes/> In 2015 ''[[Forbes]]'' estimated his net wealth at $5.1 billion.<ref name=Forbes/>
'''Karl-Heinz Kipp''' (12 February 1924<ref>http://namendb.com/heinz-kipp</ref> – 11 October 2017)<ref>http://www.allgemeine-zeitung.de/lokales/alzey/alzey/massa-gruender-und-alzeyer-ehrenbuerger-karl-heinz-kipp-gestorben_18244814.htm</ref> was the German billionaire founder of the Massa chain of German [[department stores]] and, having since sold the business whilst keeping the property he possessed a large property portfolio.<ref name=Forbes/> In 2015 ''[[Forbes]]'' estimated his net wealth at $5.1 billion.<ref name=Forbes/>


==Casreer==
==Casreer==

Revision as of 20:14, 12 October 2017

Karl-Heinz Kipp
Born(1924-02-12)12 February 1924
Died11 October 2017(2017-10-11) (aged 93)
NationalityGerman
Occupation(s)Founder, Massa
SpouseHannelore Kipp
ChildrenErnst-Ludwig (deceased) and Ursula
RelativesLaura Bechtolsheimer (granddaughter)

Karl-Heinz Kipp (12 February 1924[2] – 11 October 2017)[3] was the German billionaire founder of the Massa chain of German department stores and, having since sold the business whilst keeping the property he possessed a large property portfolio.[1] In 2015 Forbes estimated his net wealth at $5.1 billion.[1]

Casreer

Kipp began his career in 1948 selling clothes and opened his first Massa department store in 1965.[1]The Massa stores were introduced on the German stock market in 1986. In 1987 Kipp sold his remaining shares but he kept the real estate of the stores, which he rented to the retailer Metro AG.[1]

Kipp owned real estate in the U.S., perhaps most notably several high-end properties in Manhattan including 950 Third Avenue.[1] In addition, he owned five Swiss hotels and resorts in his "Tschuggen Hotel Group", including the Hotel Eden Roc in Ascona, the Carlton Hotel [4] in St Moritz and the Tschuggen Grand Hotel in Arosa.

Personal life

Kipp and his wife, Hannelore resided in Arosa, Switzerland.[1]

His son, former Florida resident Ernst-Ludwig Kipp, died in 2003, leaving behind his seven children. His daughter Ursula married Dr Wilfried Bechtolsheimer and together they have three sons, Felix (a singer with the rock group Hey Negrita), Goetz, and Till, and a daughter, Laura (an Olympic dressage rider). [5]

References

  1. ^ a b c d e f g "Karl-Heinz Kipp". Forbes. Retrieved 9 January 2015.
  2. ^ http://namendb.com/heinz-kipp
  3. ^ http://www.allgemeine-zeitung.de/lokales/alzey/alzey/massa-gruender-und-alzeyer-ehrenbuerger-karl-heinz-kipp-gestorben_18244814.htm
  4. ^ Karl Heinz Kipp in the shaken History of the Hotel Carlton
  5. ^ The Sunday Times - Rich List - Dr Wilfried and Ursula Bechtolsheimer and family, 27 April 2008