Curt Engelhorn

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Curt Engelhorn
Born (1926-05-25)25 May 1926[1]
Munich, Germany
Died 13 October 2016(2016-10-13) (aged 90)
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)[2]
Children 5
Relatives Friedrich Engelhorn (great-grandfather)

Curt Rudolf Glover Engelhorn[3] (25 May 1926 – 13 October 2016) was a German billionaire heir and businessman, the great-grandson of Friedrich Engelhorn, the founder of the chemical company BASF.[2]

Education[edit]

Engelhorn graduated with a bachelor's degree in chemical engineering from the University of Texas at Austin.[4]

Career[edit]

For more than three and a half decades, Engelhorn led the pharmaceutical companies Boehringer Mannheim and DePuy Inc. [5] 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.[6]

Until 2012, Engelhorn owned Five Star Island, Bermuda a major share holding in a Bermuda registered German pharmaceutical multinational Corange Ltd.[7]

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).[8] 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.[9]

Personal life[edit]

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.[2] Aside from his involvement in the family business Engelhorn supports the Reiss Engelhorn Museum in Mannheim.[10]

As of June 2015, according to Forbes, Engelhorn had a net worth of $6.2 billion.[11] He died on 13 October 2016, aged 90.[12]

Other[edit]

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.[13][14]

See also[edit]

References[edit]