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World Billionaire Goes Missing in Swiss Alps, Presumed Dead

19:12  15 april  2018
19:12  15 april  2018 Source:   newsweek.com

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A German billionaire and ski enthusiast went missing while training on the Swiss Alps last week and is now presumed dead . Karl-Erivan Haub, the CEO of Tengelmann Group, a German holding company with several retail and grocery store subsidiaries

© Provided by IBT Media (UK) The Swiss Alps are seen from a helicopter near the Swiss ski resort of Davos January 23, 2014. Gary Cameron/AFP/GETTY A German billionaire and ski enthusiast went missing while training on the Swiss Alps last week and is now presumed dead .

a view of a beach © Provided by IBT Media A German billionaire and ski enthusiast went missing while training on the Swiss Alps last week and is now presumed dead.

Karl-Erivan Haub, the CEO of Tengelmann Group, a German holding company with several retail and grocery store subsidiaries, went missing last Saturday on the Matterhorn mountain. His family put out a statement Friday through the company that the search and rescue mission has transitioned into a search to find his body.

Sieglinde Schuchardt, a spokesperson for Tengelmann Group called the incident a “tragedy,” in the statement.

“This misfortune is a terrible and unbelievable tragedy for the Haub family as well as for the whole company,” said Schuchardt.

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A German billionaire and ski enthusiast went missing while training on the Swiss Alps last week and is now presumed dead . Karl-Erivan Haub, the CEO of Tengelmann Group, a German holding company with several retail and grocery store subsidiaries

Karl-Erivan Haub, the heir to the Tengelmann supermarket chain, went missing while skiing off-piste near Switzerland 's famous Klein Matterhorn on Saturday. Presumed dead , they are just trying to find the body.

“After more than seven days in the extreme weather conditions of a glacier region, there is no longer any hope of survival for Karl-Erivan Haub,” the statement continued.

Haub, 58, was skiing by himself when he didn’t return and missed a meeting at his hotel in Zermatt, Switzerland, according to German public broadcaster Deutsche Welle.

Haub, a seasoned outdoorsman, was training for the Patrouille des Glaciers competition. The event pits teams against each other in a several hours long ski and mountaineering race. The competition is run by the Swiss military who invented it during the Second World War to test soldiers.

Swiss and Italian rescue teams conducted the search and the Tengelmann Group said that they would pay for the operations.

Haub’s father Erivan Haub, died just last month with a net worth of around $6.4 billion, according to Forbes. The Haub family, whose company was founded in 1867, is one of the richest in Germany.

According to the Swiss Alpine Club, 154 people died in Swiss mountains last year, mostly while hiking and mountaineering.

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