Money: The millionaire heir who doesn't want the millions
Kai Viehof has renounced most of his inheritance, and he wants to give away most of the rest, too. About a man whose job is to sensibly give away money.
Kai Viehof, a 44-year-old German millionaire, has decided to give away most of his wealth, which he inherited from his family's business, Allkauf, that was sold to Metro AG in 1998 for around 1 billion marks. Viehof's grandfather built the retail chain in the 1960s, and his father had already given him a multi-million-euro sum when he was young.
However, when Viehof was offered a potentially three-digit million-euro inheritance, he declined it, instead setting up a charitable foundation to manage the funds. Viehof plans to donate or invest seven-eighths of his remaining wealth, focusing on promoting democracy, and will keep only one-eighth for himself and his family.
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.
Also reported by 1 other outlet
- Geld: Der Millionenerbe, der die Millionen nicht will handelsblatt.com
