Money: The millionaire heir who doesn't want the millions
Kai Viehof has renounced most of his inheritance, and of what's left, the grandson of the Allkauf founder wants to give most of it away. About a man whose job is to sensibly lose money.
Mönchengladbach - Kai Viehof, a self-made millionaire, does not fit the traditional image of a wealthy individual. Standing in a modest fashion, with a thin frame, a thin beard, and rings in both ears, Viehof appeared on the ARD talk show "Hart aber fair" to discuss heirs. His demeanor was notably restrained compared to another billionaire in the room, an equally affluent electrical engineer from Neuss who wore a coat and a sweater.
Viehof's grandfather established the retail chain "Allkauf" in the 1960s, which he sold to Metro AG for roughly one billion marks in 1998. The fortune that flowed into the family was, however, declined by Viehof when his turn came. At 44 years old, Viehof represents a new face in the ranks of millionaires who prefer to distribute their wealth rather than accumulate more of it.
Other members of this group include Sebastian Klein, the author of the book "Toxisch reich", who became rich as a co-founder of the Blinkist app, and Marlene Engelhorn, who descends from the founder family of the chemical corporation BASF.
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