Curt Rudolf Glover Engelhorn (25 May 1926 – 13 October 2016) was a German billionaire heir and businessman, the great-grandson of

Friedrich Engelhorn Friedrich Engelhorn (17 July 1821 – 11 March 1902) was a German industrialist and founder of BASF in Ludwigshafen. Curriculum Vitae Friedrich Engelhorn was born on 17 July 1821 in Mannheim, where his father was a brewery master and pub ow ...

, the founder of the chemical company BASF.

Education

Engelhorn graduated with a bachelor's degree in

chemical engineering Chemical engineering is an engineering field which deals with the study of operation and design of chemical plants as well as methods of improving production. Chemical engineers develop economical commercial processes to convert raw materials int ...

from the

University of Texas at Austin The University of Texas at Austin (UT Austin, UT, or Texas) is a public research university in Austin, Texas. It was founded in 1883 and is the oldest institution in the University of Texas System. With 40,916 undergraduate students, 11,075 ...

Career

Engelhorn led the pharmaceutical companies

Boehringer Mannheim F. Hoffmann-La Roche AG, commonly known as Roche, is a Swiss multinational healthcare company that operates worldwide under two divisions: Pharmaceuticals and Diagnostics. Its holding company, Roche Holding AG, has shares listed on the SIX S ...

and DePuy Inc. for more than three and a half decades. In 1997, he sold the two firms (in which together he had a 40% stake) to

Hoffmann-La Roche F. Hoffmann-La Roche AG, commonly known as Roche, is a Swiss multinational healthcare company that operates worldwide under two divisions: Pharmaceuticals and Diagnostics. Its holding company, Roche Holding AG, has shares listed on the SIX ...

for more than $10 billion. In 2008, it was announced that Engelhorn would be donating 400,000 euros annually over 10 years to support American studies at the

Heidelberg Center for American Studies The University of Heidelberg's Heidelberg Center for American Studies (HCA) is a higher education and research center. It was founded in 2004, making it the newest institute of Germany's oldest university. The Heidelberg Center for American Studies ...

. Until 2012, Engelhorn owned Five Star Island, Bermuda a major share holding in a Bermuda registered German pharmaceutical multinational Corange Ltd. Since late 2013, there have been ongoing investigations by the German authorities concerning suspected tax frauds between Engelhorn and his daughters, avoiding capital transfer taxes of up to 440 million euros (US$475 million). As of January 2016, the family's lawyers conceded capital transfer tax evasions in the amount of Euro 135 million (US$145 million) to the court.

Personal life

Engelhorn is the great-grandson of

, the founder of the German chemical company BASF. He was married with five children and lived in Gstaad, Switzerland, with other homes in Costa Brava, Spain and on the Côte d'Azur, France. As of June 2015, according to ''

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...

'', Engelhorn had a net worth of $6.2 billion. He died on 13 October 2016, aged 90.

Other

In 2012, it was discovered that an authentic 12th-century

cloister A cloister (from Latin ''claustrum'', "enclosure") is a covered walk, open gallery, or open arcade running along the walls of buildings and forming a quadrangle or garth. The attachment of a cloister to a cathedral or church, commonly against a ...

had been used as a pool decoration in one of Engelhorn's Spanish estates, hidden from the public and the Spanish conservation authorities for more than half a century.

References

1926 births 2016 deaths Swiss businesspeople German billionaires German expatriates in Switzerland Engelhorn family People from Gstaad 20th-century German businesspeople 21st-century German businesspeople People named in the Paradise Papers {{Germany-business-bio-stub

Education

Career

Personal life

Other

See also

References