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.
He rejected the main inheritance, a three-digit million-euro amount, and instead put it into a charitable foundation. Viehof plans to spend or invest seven-eighths of the remaining amount, a two-digit million-euro sum, on causes such as democracy, and keep only one-eighth for himself and his family. He aims to spark a debate on wealth distribution and argues that discussions on the topic are often dismissed as "envy debates".
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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- Money: The millionaire heir who doesn't want the millions handelsblatt.com
