Editing 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<ref>{{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}}</ref> – 11 October 2017)<ref>{{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}}</ref> 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.<ref name=Forbes>{{cite web|title=Karl-Heinz Kipp|url=https://www.forbes.com/profile/karl-heinz-kipp/|website=Forbes|accessdate=12 October 2017}}</ref> In 2017, ''[[Forbes]]'' estimated his net wealth at US$4.9 billion.<ref name=Forbes/>

==Career==
Kipp began his career in 1948 selling clothes and opened his first Massa department store in 1965.<ref name=Forbes/> 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]].<ref name=Forbes/>

=== Real estate ===
Kipp owned real estate in the U.S., including 950 [[3rd Avenue (Manhattan)|Third Avenue]] in Manhattan.<ref name="Forbes" />

In 1980 Kipp acquired the five-star Tschuggen Grand Hotel in [[Arosa]].<ref>{{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}}</ref> 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]].<ref>{{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}}</ref>

==Personal life==
Kipp and his wife, Hannelore resided in Arosa, Switzerland.<ref name=Forbes/>

His son, former Florida resident Ernst-Ludwig Kipp, died in 2003, leaving behind his seven children. His daughter [[Ursula Bechtolsheimer-Kipp|Ursula]] married Dr Wilfried Bechtolsheimer and together they have three sons, Felix (a singer with the rock group [[Hey Negrita (band)|Hey Negrita]]), Goetz, and [[Till Bechtolsheimer|Till]] (the founder of Arosa Capital Management and amateur racing driver who competes in the 2021 IMSA SportsCar Championship),<ref>{{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}}</ref><ref>[https://www.imsa.com/drivers/till-bechtolsheimer/ Weathertech Sportscar Championship Till Bechtolsheimer], ''[[IMSA|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}}</ref> and a daughter, [[Laura Bechtolsheimer|Laura]], an Olympic [[dressage]] rider.<ref>[[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</ref>

==References==
{{Reflist|2}}

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{{DEFAULTSORT:Kipp, Karl-Heinz}}
[[Category:1924 births]]
[[Category:2017 deaths]]
[[Category:German businesspeople in retailing]]
[[Category:German company founders]]
[[Category:20th-century German businesspeople]]
[[Category:21st-century German businesspeople]]
[[Category:German billionaires]]
[[Category:People from Alzey]]
[[Category:German expatriates in Switzerland]]