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 might appear to be an archetypal millionaire, but he does not fit the typical stereotype. Standing with narrow shoulders, a black T-shirt, black shirt, and a slightly stubble beard, Viehof had a reserved presence during an ARD talk show in spring about heirs. Unlike his counterpart, a similarly wealthy electrical engineer from Neuss with a larger-than-life figure and a pocket square, Viehof approached the discussion with greater restraint.
His grandfather, who built the "Allkauf" retail chain in the 1960s, sold it to Metro AG for about a billion marks in 1998. The family received the resulting fortune. However, Viehof declined his share when it was his turn. At 44, the Mönchengladbacher is a new face among millionaires who prefer to distribute their wealth rather than accumulate more.
Among his peers are Sebastian Klein, author of "Toxic Wealth," who became rich as a co-founder of the Blinkist app, and Marlene Engelhorn, whose family is the origin of the BASF chemical corporation.
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