German Billionaire, Otto Beisheim, has died, he was aged 89. Reports claimed the billionaire committed suicide due to an incurable disease.
Beisheim was the founder of retail giant company “METRO” and one of the richest people in Germany.
“He was suffering from an incurable disease and departed this life due to the hopelessness of his health situation,” said a statement from the Otto Beisheim group.
Mass circulation daily Bild said he committed suicide. Founder of Metro Group, which now comprises 2200 retail outlets in 32 countries in Europe, Asia and Africa, Mr Beisheim amassed a fortune estimated by Forbes in its 2012 billionaires list at $US3.3 billion ($3.2 billion).
Forbes ranked him as the 344th richest individual in the Wolrd.
“Otto Beisheim was a pioneer and a legend in the German and international retail world … with innovation, courage and ambition, he founded one of the world’s leading retail firms,” Metro said in a statement.
Through his charitable foundation, he supported schools and set up sports clubs and play areas for children. He was married for 50 years to his wife Inge, who died in 1999. The couple never had children.
Our hearts go to the berieved who will be left to mourn him.
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