Klaus-Michael Kuhne is one of the richest people in Germany with a net worth of $9.8 billion. He is the executive chairman of the Kuhne & Nagel, the international transport company in which he owns a little more than 53%. He has also served the position of honorary chairman of the Board of Directors from 1970s. Apart from this, he is also associated with Albert Ballin KG Group, a group of investors credited with the achievement of stopping Hapag Lloyd, the oldest German shipping company, from leaving the country.
Michael Kuhne holds a 28% stake in Hapag Lloyd, the world’s leading container ship operators. During the 2nd half of 2012 it was announced that Hapag Lloyd was eyeing a merger with a company which was owned by the German Oetkar family. It is interesting to note that Hapag Lloyd is now the 6th largest company with a whopping 150 container ships.
Klaus-Michael Kuhne was born in Hamburg, Germany and he actually inherited Kuhne & Nagel from his grandfather. The company is mainly focused on transportation and logistics and the very nature of the company has not changed since its inception in 1890. Although his work is based in Germany, he prefers to live in Switzerland. It has been widely reported that he actually lives in a custom designed house that is quite huge and looks like an ocean liner.