Curt Engelhorn

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Bust of Curt Engelhorn in Deutsches Museum.jpg

Curt Rudolf Glover Engelhorn (born May 25, 1926 in Munich ; † October 13, 2016 ) was a German industrialist. Until 1997 he was a partner in the pharmaceutical company Boehringer Mannheim .

Life

Curt Glover Engelhorn was the great-grandson of Friedrich Engelhorn (1821–1902), the founder of BASF , and the grandson of Friedrich Engelhorn Jr. (1855–1911), the co-founder of CF Boehringer & Sons.

He was the son of the American Anita Schlemmer and Kurt Maria Engelhorns (1889-1958). He studied chemical engineering in Austin, Texas . In 1955 he joined what was then CF Boehringer & Söhne GmbH and within five years achieved the position of managing director . Under his leadership, the until then rather medium - sized company rose to become a global corporation.

In 1985 he moved his residence to Bermuda . There he founded a holding company , Corange Ltd., whose Chief Executive Officer (CEO) he became. He and the other shareholders brought their shares in Boehringer Mannheim into this holding company. From then on, Curt Engelhorn managed Boehringer Mannheim from Bermuda. In 1990 he retired from operational business and became Chairman of the Board of Directors of Corange Ltd. The name of the company is an artificial word, composed of the French cor for horn and ange for angel .

In 1997, the shareholders sold their shares in Corange Ltd. in Hoffmann-La Roche for around 19 billion DM, Curt Engelhorn received around 8 billion DM, corresponding to his 40% stake. Through the interposition of Corange Ltd. Curt Engelhorn and the other shareholders succeeded in collecting the sales proceeds without incurring taxes for the German tax authorities .

Together with his fourth wife Heidemarie, Engelhorn was the founder of the Curt Engelhorn Foundation for the Reiss Engelhorn Museums , which financially supports the previous Reiss Museum in Mannheim, henceforth the Reiss Engelhorn Museums , with around 20 million euros . The Engelhorns lived in Gstaad in the Bernese Oberland in Switzerland for the last few years .

capital

Curt Engelhorn was a multi-billionaire. According to the Forbes 2016 list , his net worth was approximately $ 6.2 billion. Curt Engelhorn was thus ranked 188th on Forbes' list of the richest people in the world.

On October 8, 2013, the tax investigators searched the German business and private homes of Curt Engelhorn and his daughters Elisabeth Engelhorn and Carolin Engelhorn on suspicion of evading gift taxes of up to 440 million euros. The tax damage accepted by the family's lawyers before the Augsburg District Court amounts to around 135 million euros, but is for the most part already statute-barred. Finally, the Bavarian tax authorities agreed with the two subsidiaries on a tax back payment of around 145 million euros. As part of the publication of the Paradise Papers in 2017, it became known that the investigators were not even aware of ten of the nearly 50 letterbox companies, foundations and trusts.

Web links

Individual evidence

  1. ↑ Elizabeth Dostert: mourning for Curt Engelhorn. Süddeutsche Zeitung , October 27, 2016, accessed on October 29, 2016 . Peter W. Ragge: A fascinating life's work. Mannheimer Morgen , October 27, 2016, accessed on October 29, 2016 . Patron Curt Engelhorn is dead. Südwestrundfunk , October 27, 2016, archived from the original on October 27, 2016 ; Retrieved October 29, 2016 .
  2. ↑ Jim Schrempp: Descendants of Johann Friedrich Engelhorn (1821-1902): First and Second Generations: Johann Friedrich Engelhorn . theengelhornfamily.com, accessed October 29, 2016.
  3. ↑ Descendants of Johann Friedrich Engelhorn (1821 - 1902): First and Second Generations: Johann Friedrich August Engelhorn Jr. theengelhornfamily.com, accessed on October 29, 2016 (English).
  4. ↑ Jim Schrempp: Descendants of Johann Friedrich Engelhorn (1821-1902): Third Generation: Kurt Maria Engelhorn . theengelhornfamily.com, accessed October 29, 2016.
  5. ↑ "We tend to be stingy". Der Spiegel , June 2, 1997, accessed November 6, 2017
  6. ^ Carl Reiss (1843–1914) was a Mannheim entrepreneur, politician and patron of culture. In 1913, in agreement with his sister, he transferred his entire fortune to the city of Mannheim in a will for the construction of a Reiss Museum.
  7. ↑ The namesake. Reiss-Engelhorn-Museen, accessed on October 29, 2016 .
  8. ↑ Hildegard Schwaninger: Cooling room for the furs. Weltwoche 42/2010, accessed on October 29, 2016
  9. ↑ # 188 Curt Engelhorn & family . Forbes' The World's Billionaires , accessed October 29, 2016.
  10. ↑ Curt Engelhorn: Billionaire clan can hope for a tax deal . In: Spiegel Online , January 23, 2016, accessed October 29, 2016.
  11. ↑ Peter Richter: Bavaria: Have two millionaire daughters evaded 80 million euros? In: Augsburger Allgemeine Online , January 23, 2016, accessed October 29, 2016.
  12. ↑ The German cases in the Paradise Papers . In: sueddeutsche.de . November 6, 2017, ISSN  0174-4917 ( sueddeutsche.de [accessed February 17, 2018]).
  13. ↑ The German cases in the Paradise Papers . In: sueddeutsche.de . November 6, 2017, ISSN  0174-4917 ( sueddeutsche.de [accessed February 17, 2018]).
personal data
SURNAME Engelhorn, Curt
ALTERNATIVE NAMES Engelhorn, Curt Rudolf Glover
BRIEF DESCRIPTION German entrepreneur, co-partner of the pharmaceutical company Boehringer Mannheim
DATE OF BIRTH May 25, 1926
PLACE OF BIRTH Munich
DATE OF DEATH October 13, 2016