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’Apr’
’11’
Finance: One of Germany’s richest men is missing in the Swiss Alps
PublishedBy: in Business Insider/FinanceApril 11, 2018

Karl-Erivan Haub of the retailer group Tengelmann, pictured in 2009.

German billionaire Karl-Erivan Haub has been missing since April 7.

  • German billionaire Karl-Erivan Haub missing during ski trip in the Swiss Alps.
  • Haub, the owner and CEO of retail group Tengelmann has been missing since April 7.
  • He was described by his brother Christian as "a very experienced alpinist and skier," in a letter sent to staff of Tengelmann.

LONDON — Karl-Erivan Haub, a billionaire and one of Germany's richest men, has been reported missing after failing to return from a skiing expedition in the Alps, according to media reports in Germany.

Haub, who is the owner and CEO of retail group Tengelmann, last week embarked on an off-piste skiing expedition in the resort of Zermatt near the Swiss-Italian border.

He failed to return to his hotel, and has been considered missing since April 7, according to the Swiss media outlet Blick.

According to Spiegel magazine, a search is underway for the 58-year-old, with Deutsche Welle adding that a spokesperson for Tengelmann said the search was proceeding at "full speed." The search has been disrupted by poor visibility and the threat of avalanches, Deutsche Welle said.

Haub was reportedly in Zermatt to train for the Patrouille des Glaciers ski race, an international long distance ski event organized by the Swiss army, scheduled to take place next week.

Haub was described by his brother Christian as "a very experienced alpinist and skier," in a letter sent to staff, and partially published in the newspaper Handelsblatt

"Of course our family is prepared for such a situation," Christian Haub said, adding that "the business will continue to run smoothly and orderly."

According to the Bloomberg Billionaires index, the net worth of Erivan Karl Haub — the missing Haub's father, who died last month — was in excess of $6 billion (£4.2 billion; €4.9 billion).

That wealth stemmed from Tengelmann, which owns German retailers including hardware chain Obi and textile discounter Kik. The company has stakes in as many as 73 different businesses.

The Matterhorn mountain, which sits above the resort of Zermatt, is a popular mountain for off-piste skiers and Alpinists.

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’Apr’
’11’
Finance: One of Germany’s richest men is missing in the Swiss Alps

Karl-Erivan Haub of the retailer group Tengelmann, pictured in 2009.

German billionaire Karl-Erivan Haub has been missing since April 7.

  • German billionaire Karl-Erivan Haub missing during ski trip in the Swiss Alps.
  • Haub, the owner and CEO of retail group Tengelmann has been missing since April 7.
  • He was described by his brother Christian as "a very experienced alpinist and skier," in a letter sent to staff of Tengelmann.

LONDON — Karl-Erivan Haub, a billionaire and one of Germany's richest men, has been reported missing after failing to return from a skiing expedition in the Alps, according to media reports in Germany.

Haub, who is the owner and CEO of retail group Tengelmann, last week embarked on an off-piste skiing expedition in the resort of Zermatt near the Swiss-Italian border.

He failed to return to his hotel, and has been considered missing since April 7, according to the Swiss media outlet Blick.

According to Spiegel magazine, a search is underway for the 58-year-old, with Deutsche Welle adding that a spokesperson for Tengelmann said the search was proceeding at "full speed." The search has been disrupted by poor visibility and the threat of avalanches, Deutsche Welle said.

Haub was reportedly in Zermatt to train for the Patrouille des Glaciers ski race, an international long distance ski event organized by the Swiss army, scheduled to take place next week.

Haub was described by his brother Christian as "a very experienced alpinist and skier," in a letter sent to staff, and partially published in the newspaper Handelsblatt

"Of course our family is prepared for such a situation," Christian Haub said, adding that "the business will continue to run smoothly and orderly."

According to the Bloomberg Billionaires index, the net worth of Erivan Karl Haub — the missing Haub's father, who died last month — was in excess of $6 billion (£4.2 billion; €4.9 billion).

That wealth stemmed from Tengelmann, which owns German retailers including hardware chain Obi and textile discounter Kik. The company has stakes in as many as 73 different businesses.

The Matterhorn mountain, which sits above the resort of Zermatt, is a popular mountain for off-piste skiers and Alpinists.

Support 9JAKOLO NG' journalism of integrity and credibility

 

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to 9JAKOLO NG, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate

Related Posts



9jakoloNG

Larry Gaaga feat. Wizkid – Low

9jakoloNG

Video: Kehlani feat. 6LACK – RPG

Comment Below!

Your email address will not be published.