Karl-Heinz Kipp Net Worth

Net Worth: $6.16 Billion
  • Source of Wealth:

  • Birth Place:

    Alzey, Germany
  • Marital Status:

    Married (Hannelore)
  • Full Name:

    Karl-Heinz Kipp
  • Nationality:

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About Karl-Heinz Kipp

Karl-Heinz Kipp has an estimated net worth of $6.16 billion as of March 2017, according to Bloomberg. After the World War II, Karl-Heinz Kipp started his retail business by selling clothes in 1948. In 1965, he opened the first Massa Department Store. In 1986, he sold the chain but retained the property which is now rented by the retailer Metro.

He owned several real estate assets in the US which include high-end properties in  Manhattan and 950 Third Avenue which he later divested. He also owns four luxury hotels in Switzerland and resorts which include the Carlton Hotel in St. Moritz, the Tschuggen Grand Hotel in Arosa and Hotel Eden Roc in Ascona. Currently, he and his wife Hannelore live in Hotel Eden Roc which is based in Ascona.