Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

2/19/2013 (2 years ago)

Catholic Online (www.catholic.org)

Diagnosed with incurable illness, Otto Beisheim takes own life

They say that the world's wealthiest man would give away all his many millions for a single day of health. German billionaire Otto Beisheim was the 344th richest person in the world and the 22nd wealthiest person in Germany. Co-founder of the largest German retail group, Metro AG, Beisheim has taken his own life after being diagnosed with an incurable illness.

Otto Beisheim's image has been clouded by his role in the Second World War. German media reports have said that he was a member of Hitler's Waffen-SS. The spokeswoman for the Beisheim Group said only that he was a low-ranking member and switched to a different division in 1942.

Otto Beisheim's image has been clouded by his role in the Second World War. German media reports have said that he was a member of Hitler's Waffen-SS. The spokeswoman for the Beisheim Group said only that he was a low-ranking member and switched to a different division in 1942.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

2/19/2013 (2 years ago)

Published in Europe

Keywords: Otto aBeishiem, Germany, billionaire, suicide, terminal illness


LOS ANGELES, CA (Catholic Online) - "Beisheim opened the first Metro Market in November 1963 in Essen-Altenessen. Six years later, his group had reached the billion sales mark," the Examiner reports. Beisheim exported the concept first in Europe, then worldwide, establishing the "Cash and Carry", "Media Markt," and "Real" chains in countries from China to France.

Last year was a tough one for the group, which issued a profit warning, lost its place in the Dax index of leading German shares and received downgrades to its credit ratings.

Declining spending by shoppers in Europe worried about the euro zone debt crisis and the rise of internet retailers have also contributed to its shares losing 15 percent of their value over the past year.

Beisheim apparently committed suicide shortly after learning from doctors about his illness. "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," a statement from the Otto Beisheim group reads. "He was suffering from an incurable disease and departed this life due to the hopelessness of his health situation."

A spokeswoman for the Beisheim Group said "there were no plans to sell the billionaire's near-10 percent stake in Metro. He was the third-largest shareholder behind the Haniel and Schmidt-Ruthenbeck families, which together own 45.78 percent."

Beisheim's wife of 50 years, Inge Beisheim, had died in 1999. Since the couple had no children, Beisheim's assets will be divided between two foundations to foster cultural and business projects. Through his charitable foundation, he supported schools and set up sports clubs and play areas for children.

Beisheim's image has been clouded by his role in the Second World War. German media reports have said that he was a member of Hitler's Waffen-SS. The spokeswoman for the Beisheim Group said only that he was a low-ranking member and switched to a different division in 1942.

---


Pope Francis: end world hunger through 'Prayer and Action'


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for May 2015
Universal:
That, rejecting the culture of indifference, we may care for our neighbours who suffer, especially the sick and the poor.
Evangelization: That Mary's intercession may help Christians in secularized cultures be ready to proclaim Jesus.


Rosaries, Crosses, Prayer Cards and more... by Catholic Shopping .com


Comments


More Europe

Pope canonizes first Arabic-speaking saints in church's history Watch

Image of Sister Marie Alphonsine Ghattas, born in Jerusalem in 1847, opened girls' schools, fought female illiteracy and co-founded the Congregation of the Sisters of the Rosary.

By Catholic Online (NEWS CONSORTIUM)

It was seen as a gesture of goodwill to Christians living in the Middle East. Pope Francis described Palestinian leader Mahmoud Abbas as an "angel of peace" before canonizing two 19th century nuns. LOS ANGELES, CA (Catholic Online) - Sisters Mariam Bawardy and ... continue reading


Israel incensed as the Vatican recognizes the state of Palestine Watch

Image of Both the United States and Israel oppose recognition, arguing that it undermines U.S.-led efforts to negotiate an Israeli-Palestinian deal on the terms of Palestinian statehood.

By Catholic Online (NEWS CONSORTIUM)

The decision is an extremely unpopular one for Israel - the Vatican has recognized the State of Palestine in a new treaty. The treaty concerns the activities of the Catholic Church in Palestinian territory. It's a dramatic demonstration of the turnaround in the ... continue reading


Grandfather transforms three-bedroom home into stunning replica of Sistine Chapel Watch

Image of It took Robert Burns three times as long to complete his work as it took painter Michelangelo to complete his masterpiece in Rome.

By Catholic Online (NEWS CONSORTIUM)

It took 12 long years, but Robert Burns of Brighton, England has finally completed his dream project of turning his three-bedroom home into a replica of the Sistine Chapel. The 67-year-old former interior decorator was inspired by Renaissance painters and ... continue reading


Is the Holy See taking action against Medjugorje?

Image of

By Matt C. Abbott

Catholic Christians who are familiar with the alleged Marian apparitions in Medjugorje, Bosnia-Herzegovina, might be interested in the following developments. Although a definitive judgment has yet to be announced by the Church-a commission formed by the ... continue reading


Venus de Milo - a prostitute? New evidence offers intriguing new theories Watch

Image of A San Francisco-based designer has recreated the sculpture as a spinner, which was a pursuit popular with idle prostitutes in ancient Greece.

By Catholic Online (NEWS CONSORTIUM)

Sometimes what is missing fills in an otherwise incomplete story. There is new evidence suggesting that the model for the famous Venus de Milo statue may have been a prostitute. A new 3-D reconstruction suggests that the statue was spinning yarn in the manner ... continue reading


The mystery behind 'the Devil's Bible': Europe's largest surviving manuscript Watch

Image of

By Abigail James (NEWS CONSORTIUM)

Europe's largest surviving manuscript, the Codex Gigas, is commonly referred to as "the Devil's Bible' by many who are left baffled by the mysterious text. LOS ANGELES, CA (Catholic Online) - The manuscript, held in the National Library of Sweden in Stockholm, is ... continue reading


Fatima prophecies 'lift veil' on anti-Christian persecution today, Vatican cardinal says Watch

Image of The Virgin Mary appeared to three shepherd children in Fatima, Portugal, in 1917, and confided in them three secrets. Carmelite Sister Lucia dos Santos, one of the visionaries, wrote them down years later.

By Catholic Online (NEWS CONSORTIUM)

The "secrets" of Our Lady of Fatima tell of today's Christian persecution, in addition to the martyrdom of the past century, Cardinal Angelo Amato of the Vatican has declared. The cardinal had "the privilege" of reading the original manuscripts of the secrets of ... continue reading


Malfunctioned fair ride leaves terrified passengers suspended at 200 feet Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

Thrill seekers were left hanging upside down on a fairground ride in Holland for almost an hour. The group consisting of seven riders, were riding the "Booster" ride at a spring fair in Didam, Netherlands. MUNTINLUPA, PHILIPPINES (Catholic Online) -The local newspaper, ... continue reading


Fears regarding Pope Francis' health resurface after he says he is 'a bit old and sick' Watch

Image of

By Catholic Online (NEWS CONSORTIUM)

Telling parishioners he is "a bit old and a bit sick," new fears for the health of Pope Francis have resurfaced. The pope asked a group of elderly and disabled people to pray for him, warning that he was also suffering from heath problems. LOS ANGELES, CA ... continue reading


Queen Elizabeth meets royal baby Charlotte Elizabeth Diana Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

The royal newborn baby to the Duke and Duchess of Cambridge, William and Kate, was finally visited by the 89-year-old Queen. She went to Kensington Palace and was introduced to her fifth great-grandchild Charlotte Elizabeth Diana, born May 2, 2015. The baby's first ... continue reading


All Europe News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Acts 28:16-20, 30-31
16 On our arrival in Rome Paul was allowed to stay in ... Read More

Psalm, Psalms 11:4, 5, 7
4 Yahweh in his holy temple! Yahweh, his throne is in ... Read More

Gospel, John 21:20-25
20 Peter turned and saw the disciple whom Jesus loved ... Read More

Saint of the Day

Saint of the Day for May 23rd, 2015 Image

St. John Baptist Rossi
May 23: This holy priest was born in 1698 at the village of Voltaggio in ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter