Quick Fact List – Klaus-Michael Kuehne
Name: Klaus-Michael Kuehne
Birth: Date of Birth: 1937
Profession: Logistics Magnate
Source of Wealth: Shipping, Logistics
Key Ventures: Honorary Chairman of Kuehne + Nagel International AG, Ownership in Hapag-Lloyd, Investments in Lufthansa
Net Worth: $33.9 billion (Real Time Net Worth)
Ranking: #39 in the World
Residence: Schindellegi, Switzerland
Marital Status: Married
Early Life and Career Beginnings
Klaus-Michael Kuehne, born in 1937, is a distinguished figure in the world of logistics. Hailing from Germany, he embarked on a path that would eventually establish him as a prominent entrepreneur and business magnate.
Legacy of Kuehne
Kuehne’s association with the logistics industry began in earnest when he joined Kuehne + Nagel International AG, a company co-founded by his grandfather. His entry into the company occurred in 1958, and his dedication and contributions led him to ascend to the role of CEO in 1966. Under his leadership, Kuehne + Nagel grew to become a significant player in the logistics domain.
Kuehne’s business acumen extended beyond his familial logistics empire. In 2016, his Kuehne Holding AG made a notable acquisition, securing a 20% stake in VTG, a rail logistics company. Subsequently, the stake was sold to Morgan Stanley Infrastructure. Kuehne’s strategic prowess was further demonstrated through his ownership in Hapag-Lloyd, where his shareholding reached roughly 30% and steadily increased over time.
Kuehne’s influence extended to the aviation sector. In a remarkable move, he acquired a 17.5% stake in Lufthansa, the German airline carrier, over the course of 2022. This made him the airline’s largest single investor, showcasing his diversification into different realms of transportation and commerce.
Klaus-Michael Kuehne’s accomplishments span decades and industries. Despite his substantial wealth and achievements, he has maintained a relatively private profile.