Logistics magnate Klaus-Michael Kuehne is honorary chairman of Kuehne + Nagel International AG, based in Schindellegi, Switzerland. He joined the company, cofounded by his grandfather, in 1958, eventually taking over as CEO in 1966. In 2016, his Kuehne Holding AG acquired 20% of VTG, a rail logistics company. Two years later, it sold the stake to Morgan Stanley Infrastructure. He owns roughly 30% of shipping and logistics company Hapag-Lloyd, a holding he has steadily increased in recent years. Kuehne is an only child and has no children. His charitable foundation will manage his wealth upon his death.
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