World Billionaire Goes Missing in Swiss Alps, Presumed Dead

19:12  15 april  2018
19:12  15 april  2018 Source:   Newsweek

Search for German billionaire missing in Alps since Saturday

  Search for German billionaire missing in Alps since Saturday <p>Karl-Erivan Haub, heir to the Tengelmann retail empire, was training for a ski race when he disappeared on Switzerland's famous peak, located on the border with Italy.</p>Karl-Erivan Haub, heir to the Tengelmann retail empire, was training for a ski race when he disappeared on Switzerland's famous peak, located on the border with Italy.

Rescue teams continued searching for one of Germany's richest men on Thursday after the billionaire CEO went missing in the Swiss Alps over the weekend. more info…

German billionaire , Karl-Erivan Haub, has been reported missing after failing to return from a skiing expedition in the Alps on April 7 2018. Haub was reportedly in Zermatt to train for the Patrouille des Glaciers ski race, an international long distance ski event organized by the Swiss army, scheduled to

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 strong storm in the Swiss Alps is hampering efforts to find a German billionaire who has been missing on the Matterhorn for days. Rescuers said it is not clear where he went missing and they are searching an area of more than 93 square miles (240 sq km).

BERLIN – Authorities in Switzerland and Italy are searching for a German billionaire who has been missing in the Alps since the weekend. Karl-Erivan Haub, heir to the Tengelmann retail empire

“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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