Money: The millionaire heir who doesn't want the millions
Kai Viehof has renounced most of his inheritance, and of the remainder, the grandson of the Allkauf founder wants to give most of it away. About a man whose job is to sensibly lose money.
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 rejected his share of the money. He is part of a group of wealthy individuals, including Sebastian Klein and Marlene Engelhorn, who want to distribute their wealth rather than increase it.
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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