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Death of Germany's richest man creates a giant charitable foundation (www.euronews.com)
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The death of Germany's richest man creates one of Europe's biggest foundations (www.euronews.com)
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Klaus-Michael Kühne had no children and lived in a Swiss canton with zero inheritance tax. When he died, his €42.2bn fortune passed tax-free into a decades-old charity, instantly making it one of the wealthiest foundations in Europe.