Curt Engelhorn

Curt Engelhorn
Born 1926
Residence Gstaad, Switzerland
Nationality German
Alma mater University of Texas at Austin
Known for Former owner, Boehringer Mannheim and DePuy Inc.
Net worth $4.0 billion (January 2015)[1]
Children 5
Relatives Friedrich Engelhorn (great-grandfather)

Curt Engelhorn (born 1926)[1] is a German billionaire heir and businessman, the great-grandson of Friedrich Engelhorn, the founder of the chemical company BASF.

Education

Engelhorn graduated with a bachelor's degree in chemical engineering from the University of Texas at Austin.[2]

Career

For more than three and a half decades, Engelhorn led the pharmaceutical companies Boehringer Mannheim and DePuy Inc. [3] In 1997 he sold the two firms (in which together he had a 40% stake) to Hoffmann-La Roche for more than $10 billion.

In 2008 it was announced that Engelhorn would be donating Euro 400,000 annually over the period of 10 years to support American studies at the Heidelberg Center for American Studies.[4]

Until 2012, Engelhorn owned Five Star Island, Bermuda a major share holding in a Bermuda registered German pharmaceutical multinational Corange Ltd.[5]

Since late 2013, there have been ongoing investigations by the German authorities concerning suspected tax frauds between Engelhorn and his daughters, avoiding capital transfer taxes of up to Euro 440 million (US$475 million).[6] As of January 2016, the family's lawyers conceded capital transfer tax evasions in the amount of Euro 135 million (US $145 million) to the court.[7]

Personal life

Engelhorn is the great-grandson of Friedrich Engelhorn, the founder of the German chemical company BASF. He is married with five children and lives in Gstaad, Switzerland, with other homes in Costa Brava, Spain and on the Cote D'Azur, France.[1] Aside from his involvement in the family business Engelhorn supports the Reiss Engelhorn Museum in Mannheim.[8]

As of June 2015, according to Forbes, Engelhorn has a net worth of $6.2 billion.[9]

Other

In 2012 it was discovered that an authentic 12th century cloister had been used as a pool decoration in one of Engelhorn's Spanish estates, hidden from the public and the Spanish conservation authorities for more than half a century.[10][11]

See also

References

  1. 1 2 3 "Curt Engelhorn". Forbes. Retrieved 18 January 2015.
  2. ↑ http://www.engr.utexas.edu/alumni/distinguished-alumni/deg/2014/engelhorn
  3. ↑ "Curt Engelhorn Net Worth". TheRichest. 1926-05-25. Retrieved 2016-01-24.
  4. ↑ "Curt Engelhorn Donates 400,000 Euros Annually to Support American Studies in Heidelberg". Universität Heidelberg. June 29, 2015.
  5. ↑ Keith Archibald Forbes. "Bermuda's world business leaders and their locally-registered companies". Bermuda-online.org. Retrieved 2016-01-24.
  6. ↑ "Engelhorn clan can hope for court deal". Spiegel Online. January 23, 2016.
  7. ↑ "Haben zwei Millionaers-Toechter 80 Millionen Euro hinterzogen?". Augsburger Allgemeine. January 23, 2016.
  8. ↑ "The Richest People in Germany". The Richest. June 29, 2015.
  9. ↑ "#230 Curt Engelhorn & family". Forbes. June 29, 2015.
  10. ↑ "Who has a cloister around their pool? | In English | EL PAÍS". Elpais.com. 2012-06-05. Retrieved 2016-01-24.
  11. ↑ Collis, Helen (2012-06-09). "Spanish Romanesque cloister incredible pictures from first public viewing". Dailymail.co.uk. Retrieved 2016-01-24.


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