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Grizzly Bulls’ Billionaires Index

⬅ # 32 Mark Mateschitz|# 34 Li Ka-shing ➡

# 33 Klaus-Michael Kuehne 

$39.0B

Real Time Net Worth
as of 5/13/2024
-$222.7M (-0.57%)

# 33 Klaus-Michael Kuehne 

$39.0B

Real Time Net Worth
as of 5/13/2024
-$222.7M (-0.57%)
OccupationHonorary Chair, Kühne + Nagel
Source of WealthKühne + Nagel, logistics, shipping
Age86
ResidenceSchindellegi, Switzerland
Marital StatusMarried
Age-Adjusted Net Worth$6.72B
Klaus-Michael Kuehne
Klaus-Michael Kuehne
Germany
Net worth: $39.0B

Self-Made Score 

Wealth History

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Biography

Klaus-Michael Kuehne, born on June 2, 1937, in Hamburg, Germany, joined his father Alfred Kühne as a junior partner at Kühne + Nagel in 1963.
During the 1970s oil price crises, he attempted to start a shipping company but faced financial challenges.
In 1981, following his father's death, Kuehne sold 50% of Kühne + Nagel for 90 million Deutsche Marks, later buying it back for 340 million marks in 1992.
He became the CEO of Kühne + Nagel in 1996 and played a key role in taking the Kühne + Nagel Agency public in 1994.
By 1998, he transitioned from chairman to president and delegate of the board of directors.
Through Kühne Holding Stock Company, he owns a 55.75% share in Kühne + Nagel International Stock Company.
In 2008, he partnered with the Albert Ballin consortium, holding a 30% share in the shipping company Hapag-Lloyd.
In May 2016, Kuehne acquired 20.3% of shares in Hamburg-based VTG Stock Company, later selling them in July 2018.
He is the majority owner of Kühne Holding AG, which, in 2016, acquired 20% of VTG, a rail logistics company.
In April 2020, Kuehne increased his stake in Hapag-Lloyd to 30%, making him the largest shareholder.
In 2022, he doubled his stake in Deutsche Lufthansa AG, holding 17.5% of the German airline.
Klaus-Michael Kuehne is known for speaking out on political and global issues, defending trade with China despite human rights concerns.
Through Kühne Holding AG, he holds a 55.75% share in Kühne + Nagel International AG, and he holds 30% of the shares in Hapag-Lloyd.
Additionally, Kuehne holds 17.5% of German airline Lufthansa, actively supporting the sales process during the Covid crisis in September 2022.

How long would it take you to become as rich as Klaus-Michael Kuehne?

If you started with $10,000 and invested an additional $500 each month at a 44.01% CAGR, it would take you 5 years to reach Klaus-Michael Kuehne's net worth of $39.0B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 40.45% compared to 10.08% for the S&P 500 benchmark.

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Klaus-Michael Kuehne is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Klaus-Michael Kuehne, Kühne + Nagel, logistics and shipping are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey