German billionaire Karl-Erivan Haub — missing for 3 years — declared dead
An American-born billionaire last seen in the Swiss Alps in April 2018 has been declared dead by a German court.
Karl-Erivan Haub, who would have turned 61 in March, was preparing for a skiing competition when he disappeared under the Matterhorn peak near Switzerland’s border with Italy. Rescue workers formally gave up their efforts to find the businessman after six months of searching. Haub’s family determined he was unlikely to return a week after he went missing.
A court in Cologne, where the Tacoma, Wash., native lived, declared Haub dead on Friday. His official time of death is midnight on April 7, 2018. He had joint citizenship
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Haub’s brother Christian will continue to serve as CEO for the holding company Tengelmann, which the pair had jointly run for nearly 20 years.
Forbes estimated the Haub family’s net worth at $6.4 billion before the businessman went missing. His 85-year-old billionaire father Ervian Haub died in March 2018.
With News Wire Services
