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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.

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Money: The millionaire heir who doesn't want the millions

Kai Viehof, a 44-year-old from Mönchengladbach, is a millionaire who defies common stereotypes. His grandfather founded the retail chain "Allkauf" in the 1960s, which was sold to Metro AG in 1998 for around 1 billion marks. However, Viehof refused his share of the money. He is part of a group of wealthy individuals who want to give away their money, rather than grow it, alongside others like Sebastian Klein, author of "Toxisch reich", and Marlene Engelhorn, from the founding family of BASF.

Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.

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