Karl-Heinz Kipp
{{Short description|German businessman (1924–2017)}}
{{Use dmy dates|date=January 2015}}
{{Infobox person
| image =
| image_size =
| name = Karl-Heinz Kipp
| caption =
| birth_name =
| birth_date = {{birth date|1924|2|12|df=yes}}
| birth_place = Alzey, Germany
| death_date = {{death date and age|2017|10|11|1924|2|12|df=yes}}
| death_place = Ascona, Switzerland
| education =
| occupation = Founder, {{Ill|Massa AG|de}}
| spouse = Hannelore Kipp
| children = 2, including Ursula Bechtolsheimer-Kipp
| relatives = Laura Bechtolsheimer (granddaughter)
}}
Karl-Heinz Kipp (12 February 1924{{cite web|url=http://namendb.com/heinz-kipp|title=Heinz Kipp - NamenDB Informationen|author=|date=|website=namendb.com|accessdate=12 October 2017|archive-url=https://web.archive.org/web/20171013064859/http://namendb.com/heinz-kipp|archive-date=13 October 2017|url-status=dead}} – 11 October 2017){{cite web|url=http://www.allgemeine-zeitung.de/lokales/alzey/alzey/massa-gruender-und-alzeyer-ehrenbuerger-karl-heinz-kipp-gestorben_18244814.htm|title=Massa-Gründer und Alzeyer Ehrenbürger Karl-Heinz Kipp gestorben|first=VRM GmbH & Co.|last=KG|date=12 October 2017|website=allgemeine-zeitung.de|accessdate=12 October 2017}} was a German billionaire, and founder of the {{Ill|Massa AG|de}} department store chain. He sold the business but kept the property, and had a large property portfolio.{{cite web|title=Karl-Heinz Kipp|url=https://www.forbes.com/profile/karl-heinz-kipp/|website=Forbes|accessdate=12 October 2017}} In 2017, Forbes estimated his net wealth at US$4.9 billion.
Career
Kipp began his career in 1948 selling clothes and opened his first Massa department store in 1965. At the beginning of the 1970s Kipp built the first large-scale consumer market{{clarify|date=September 2024}} on a "greenfield site". Within a few years, 30 more Massa supermarkets followed in southwestern Germany. In 1981, Kipp introduced financial shopping.{{clarify|date=September 2024}} In 1986, the Massa supermarkets shares went public. In 1987, Kipp sold his remaining shares but kept the real estate, which he rented to the retailer Metro AG.
= Real estate =
Kipp owned real estate in the U.S., including 950 Third Avenue in Manhattan.
In 1980 Kipp acquired the five-star Tschuggen Grand Hotel in Arosa.{{Cite web|title=Tschuggen Hotel Group – 40 Jahre Schweizer Luxus-Hotellerie – Starling-PR {{!}} Travel PR Agency|date=31 October 2019 |url=http://www.starling-pr.com/press/tschuggen-hotel-group-40-jahre-schweizer-luxus-hotellerie/|access-date=2020-11-30|language=en-US}} In addition, he owned five Swiss hotels and resorts in his "Tschuggen Hotel Group", including the Hotel Eden Roc in Ascona, the Carlton Hotel in St Moritz and the Tschuggen Grand Hotel in Arosa.{{cite web|url=http://thepalacehotelsoftheworld.com/hotelcarltonstmoritz|title=Karl Heinz Kipp in the shaken History of the Hotel Carlton|author=|date=|website=thepalacehotelsoftheworld.com|accessdate=12 October 2017}}
Personal life
Kipp and his wife, Hannelore resided in Arosa, Switzerland.
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 (the founder of Arosa Capital Management and amateur racing driver who competes in the 2021 IMSA SportsCar Championship),{{cite news |last1=Rosenberg |first1= Rebecca |last2=Schram |first2= Jamie |date= 2014-02-18 |title= Woman accused of cracking bottle over club-goer's head |url= https://nypost.com/2014/02/18/woman-accused-of-cracking-bottle-over-club-goers-head/ |work= New York Post |location= New York City |access-date= 2022-06-22 | quote= Till Bechtolsheimer — grandson of billionaire real-estate baron Karl- Heinz Kipp}}[https://www.imsa.com/drivers/till-bechtolsheimer/ Weathertech Sportscar Championship Till Bechtolsheimer], imsa.com. Retrieved 26 May 2022. {{Archive url|url=https://web.archive.org/web/20220517101005/https://www.imsa.com/drivers/till-bechtolsheimer/|date=2022-05-17}} and a daughter, Laura, an Olympic dressage rider.The Sunday Times - Rich List - [https://web.archive.org/web/20110612003657/http://business.timesonline.co.uk/tol/business/specials/rich_list/article3796623.ece Dr Wilfried and Ursula Bechtolsheimer and family], 27 April 2008
References
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Category:German businesspeople in retailing
Category:German company founders
Category:20th-century German businesspeople