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.
