Karl Heinz Kipp
Karl-Heinz Kipp is a well-known figure in the retail industry and has an estimated net worth of $5.1 billion. He has sold clothes for more than a decade and his journey began soon after the end of the 2nd World War. He started his retail business in clothes in 1948 and achieved instant success. 17 years later, in 1965, he was able to open the first Massa Departmental Stores. However, in 1987 he sold the shares in Massa but kept the ownership of the stores which he has now rented out to the retail major, Metro.
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He was not satisfied with the retail business and very soon he ventured into real estate. He is the owner of several real estate assets in the United States including high profile properties in Manhattan. He also owns a number of luxury hotels in Switzerland and resorts in high-tourism sites like St. Moritz, Arosa and Ascona.
Karl-Heinz Kipp is married and has 2 children and he spends a majority of his days at the Tschuggen Grand Hotel in Arosa along with his wife, Hannelore. However in 2003 his son, who used to live in Florida, died. His daughter, Ursula, is married and has three sons.
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