Karl-Heinz Kipp
Fashion and Retail

Karl-Heinz Kipp Net Worth

Karl-Heinz Kipp, a German billionaire, was born on February 12, 1924 and passed away in October 2017. He made his fortune in retailing and real estate, having opened the first Massa department store in 1965 and later selling the chain in 1985 while keeping the underlying property. At the time of his death, he owned three five-star properties and one four-star property. In 2002, Kipp gave his first interview in 15 years and when asked about his wealth, he replied that it was not important and that what mattered to him was health and a happy family. He is survived by his wife, Hannelore, one daughter, Ursula Bechtolsheimer, and several grandchildren; his son Ernst-Ludwig passed away in 2003.
Karl-Heinz Kipp is a member of Fashion and Retail

Age, Biography and Wiki

Birth Day February 12, 1924
Birth Place Germany
Age 96 YEARS OLD
Died On 11 October 2017(2017-10-11) (aged 93)\nArosa, Switzerland
Birth Sign Pisces
Occupation Founder, Massa
Spouse(s) Hannelore Kipp
Children Ernst-Ludwig (deceased) and Ursula
Relatives Laura Bechtolsheimer (granddaughter)

💰 Net worth: $4.5 Billion (2024)

Karl-Heinz Kipp, a prominent figure in the world of fashion and retail in Germany, is projected to have a net worth of $4.5 billion by 2024. His immense success in the industry has propelled him to great heights, establishing him as a leading entrepreneur. Through his astute business acumen and keen eye for fashion trends, Karl-Heinz Kipp has managed to create an empire, both in the retail and fashion spheres. With a portfolio showcasing exclusive brands and a deep understanding of consumer preferences, he has built a reputation for delivering exceptional quality and style. As he continues to shape the fashion and retail landscape in Germany, Karl-Heinz Kipp's net worth serves as a testament to his outstanding achievements.

2009 $5.2 Billion
2010 $5 Billion
2011 $5.1 Billion
2012 $5 Billion
2013 $5.1 Billion
2014 $5.2 Billion
2015 $5 Billion
2016 $5 Billion
2017 $4.5 Billion
2018 $4.5 Billion

Biography/Timeline

1948

Kipp began his career in 1948 selling clothes and opened his first Massa department store in 1965.The Massa stores were introduced on the German stock market in 1986. In 1987 Kipp sold his remaining shares but he kept the real estate of the stores, which he rented to the retailer Metro AG.

2003

His son, former Florida resident Ernst-Ludwig Kipp, died in 2003, leaving behind his seven children. His daughter Ursula married Dr Wilfried Bechtolsheimer and together they have three sons, Felix (a singer with the rock group Hey Negrita), Goetz, and Till, and a daughter, Laura, an Olympic dressage rider.

Some Karl-Heinz Kipp images

About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.