Karl-Heinz Kipp

$4.50 B

Ranked #367 in World

About Karl-Heinz Kipp

Karl-Heinz Kipp (1924-2017), a pioneering figure in the retail industry, embarked on his remarkable journey in 1948 by selling clothes before inaugurating his first Massa department store in 1965. His innovations led to the creation of Germany's first large consumer market on a "greenfield site" in the early 1970s, with an expansion into financial shopping by 1981. Kipp eventually divested his shares in Massa's operations in 1987, paving the way for its merger into Metro. Beyond his retail legacy, Kipp was a distinguished real estate investor, holding assets like 950 Third Avenue in Manhattan and the prestigious Tschuggen Grand Hotel in Arosa among others under his Tschuggen Hotel Group. His personal life was rooted in Arosa, Switzerland, alongside his wife, Hannelore. The couple's legacy continues through their children and grandchildren, including Olympic dressage rider Laura Bechtolsheimer and Arosa Capital Management founder Till Bechtolsheimer.

Born

February 12, 1924 in Alzey, Germany

Died

October 11, 2017 (aged 93)

Source Of Wealth

Retail

Industries

Fashion & Retail

Citizenship

Germany

Spouse

Hannelore Kipp

Children

2, including Ursula Bechtolsheimer-Kipp

Karl-Heinz Kipp was born on October 18, 1924, in the German town of Wuppertal. Little is known about his early years and childhood, but he would go on to become a prominent businessman and real estate investor.

Karl-Heinz Kipp: Family

Karl-Heinz Kipp was married to Hannelore, and they resided in Arosa, Switzerland. They had two children: Ernst-Ludwig Kipp and Ursula Kipp. Ernst-Ludwig Kipp passed away in 2003, leaving behind seven children. Ursula Kipp married Dr. Wilfried Bechtolsheimer, and they have three sons (Felix, Goetz, and Till) and a daughter (Laura). Laura is an Olympic dressage rider, while Till is the founder of Arosa Capital Management and an amateur racing driver.

Karl-Heinz Kipp: Career Highlights

Karl-Heinz Kipp started his career in 1948 selling clothes. He opened his first Massa department store in 1965 and built the first large-scale consumer market on a "greenfield site" in the early 1970s. In 1981, he introduced financial shopping throughout Germany. He sold his last shares in the operational business of Massa supermarkets in 1987, which later merged into Metro.

Karl-Heinz Kipp: Companies

Karl-Heinz Kipp was involved in several companies throughout his career. He founded Massa department stores and was also involved in the real estate industry. He owned real estate in the U.S., including 950 Third Avenue in Manhattan. In 1980, he acquired the five-star Tschuggen Grand Hotel in Arosa. He also owned five Swiss hotels and resorts in his "Tschuggen Hotel Group," including Hotel Eden Roc in Ascona, Carlton Hotel in St Moritz, and Tschuggen Grand Hotel in Arosa.

Karl-Heinz Kipp: Major Achievements

Karl-Heinz Kipp's major achievements include building the first large-scale consumer market on a "greenfield site" and introducing financial shopping throughout Germany. He was also successful in the real estate industry, owning properties in the U.S. and Switzerland.

Karl-Heinz Kipp: Awards & Achievements

There is no information available about any specific awards or achievements received by Karl-Heinz Kipp.

Karl-Heinz Kipp: Personal Life & Legacy

Karl-Heinz Kipp was known for his entrepreneurial spirit and business acumen.

He was also passionate about real estate and owned several properties in the U.S. and Switzerland. He passed away in 2017, leaving behind a legacy of business success and real estate investments.

Karl-Heinz Kipp: Trivia

Karl-Heinz Kipp's daughter, Laura, is an Olympic dressage rider. His son, Till, is the founder of Arosa Capital Management and an amateur racing driver.

Wealth History

Timeline

1924

Karl-Heinz Kipp is born.

1948

Karl-Heinz Kipp starts his career selling clothes.

1965

Karl-Heinz Kipp opens his first Massa department store.

Early 1970s

Karl-Heinz Kipp builds the first large-scale consumer market on a "greenfield site".

1980

Karl-Heinz Kipp acquires the five-star Tschuggen Grand Hotel in Arosa.

1981

Karl-Heinz Kipp introduces financial shopping throughout Germany.

1987

Karl-Heinz Kipp sells his last shares in the operational business of Massa supermarkets, which later merges into Metro.

2003

Karl-Heinz Kipp's son, Ernst-Ludwig Kipp, passes away, leaving behind seven children.

2017

Karl-Heinz Kipp passes away.

Karl-Heinz Kipp : FAQs

What is Karl-Heinz Kipp's net worth?

As of 2017, Karl-Heinz Kipp's net worth was $4.50 billion.

What are Karl-Heinz Kipp's main sources of wealth?

Karl-Heinz Kipp's main source of income comes from Retail.

In which industry does Karl-Heinz Kipp primarily operate?

Karl-Heinz Kipp is primarily involved in the Fashion & Retail industry.

Is Karl-Heinz Kipp dead?

Yes, Karl-Heinz Kipp died on October 11, 2017 (aged 93).

How many children does Karl-Heinz Kipp have?

Karl-Heinz Kipp has 2 children.

Who was Karl-Heinz Kipp and what was he known for?

Karl-Heinz Kipp was a successful entrepreneur, known for founding the Massa department store chain in 1965 and building the first large-scale consumer market in the early 1970s in Germany. He later expanded into real estate, owning properties in the U.S. and several hotels in Switzerland.

How did Karl-Heinz Kipp start his career and what was his major business venture?

Karl-Heinz Kipp started his career in 1948 selling clothes and opened his first Massa department store in 1965. He significantly impacted the retail market by introducing financial shopping in 1981, and eventually, his Massa supermarkets merged into the Metro group.

What kind of real estate investments did Karl-Heinz Kipp own?

Karl-Heinz Kipp made substantial real estate investments, owning 950 Third Avenue in Manhattan, USA, and establishing the Tschuggen Hotel Group in Switzerland, which includes luxury hotels like the Tschuggen Grand Hotel in Arosa and the Carlton Hotel in St. Moritz.

Can you tell us about Karl-Heinz Kipp's family and their professional engagements?

Karl-Heinz Kipp's family includes his daughter Ursula, who married Dr. Wilfried Bechtolsheimer, and they have children actively engaged in sports and business, including Laura, an Olympic dressage rider, and Till, a founder of Arosa Capital Management and an amateur racing driver.

What was the impact of Karl-Heinz Kipp on the German retail market, and how did his career evolve?

Karl-Heinz Kipp revolutionized the German retail market by pioneering the concept of large-scale consumer markets and introducing financial shopping in Germany. His career evolved from retail into real estate, where he made significant contributions and investments, especially in the hospitality industry.