Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

2/19/2013 (3 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 (3 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'


Copyright 2015 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for April 2016
Universal:
Small Farmers: That small farmers may receive a just reward for their precious labor.
Evangelization: African Christians: That Christians in Africa may give witness to love and faith in Jesus Christ amid political-religious conflicts.



Comments


More Europe

Vatican under investigation - 5,000 bank accounts closed Watch

Image of Vatican auditors make move after three-year investigation (Pinterest).

By Kenya Sinclair (CALIFORNIA NETWORK)

Vatican auditors closed nearly 5,000 suspected Vatican bank accounts on suspicion of tax evasion. LOS ANGELES, CA (Catholic Online) - The scandal includes a three-year investigation of 544 suspected transactions mainly involving tax evasion.To meet international ... continue reading


MASONS HACKED! Secrets of the Masons spilled - French media to expose highest-ranking Masons Watch

Image of The Masons have been hacked. A secret dump of documents will reveal their secrets to the world.

By David Drudge (CALIFORNIA NETWORK)

Hackers have just released thousands of documents in a new document dump to the media, this time, they contain the secrets of the Masons. The data dump is known as "Masonleaks" and journalists say it will take several months to complete their review of the documents. ... continue reading


Belgian minister warns against offending Muslims, wait until you see the scary reason why! Watch

Image of Muslims take over a Parisian street for prayers.

By David Drudge (CALIFORNIA NETWORK)

A Belgian minister has a telling warning for his country as hearings begin into the Brussels attack that killed 32 people at an airport in March.  The reason for the warning is quite compelling. LOS ANGELES, CA (California Network) - A Belgian minister is warning ... continue reading


Women sentenced to three months for self-induced abortion in Northern Ireland Watch

Image of There are better solutions than abortion.

By Marshall Connolly (CALIFORNIA NETWORK)

A woman in Northern Ireland has been convicted of aborting her child, and sentenced to a three-month, suspended jail sentence. The woman left her baby in a trash bag for eight days until police were contacted. The case has sparked renewed debate over abortion in ... continue reading


World's worst nuclear catastrophe commemorated 30 years later (WARNING: DISTURBING IMAGES) Watch

Image of The Ukraine commemorates the 30th anniversary of Chernobyl's explosion.

By Kenya Sinclair (CALIFORNIA NETWORK)

Thirty years after the greatest nuclear disaster the world has ever seen, Ukrainians solemnly commemorate the 1986 Chernobyl nuclear power plant accident. LOS ANGELES, CA (Catholic Online) - The meltdown at the Russian plant began when an uncontrolled reaction ... continue reading


LISTEN NOW: Stolen manuscript reveals song not performed for 1,000 years Watch

Image of One Cambridge researcher admitted the music was nearly tangible (YouTube).

By Kenya Sinclair (CALIFORNIA NETWORK)

A Cambridge researcher and world-class medieval music performer combined their talents to perform an ancient song for the first time in over 1,000 years. LOS ANGELES, CA (Catholic Online) - The music, titled "Songs of Consolation," was performed for the first time on ... continue reading


What's 'Hijab Day' and why is it causing a 'FREAK OUT' in France? Watch

Image of French students held a Hijab Day to raise awareness of discrimination against women (Styles Glamor).

By Kenya Sinclair (CALIFORNIA NETWORK)

Students from the French university Sciences Po Paris held a Hijab Day to raise awareness of the discrimination and verbal abuse Muslim women face every day - and it went exactly how you might expect. LOS ANGELES, CA (Catholic Online) - With the influx of Muslim ... continue reading


MASS TOURIST ATTACK: ISIS to plant bombs in Europe's most popular beaches Watch

Image of ISIS threatens popular beach resorts (Express).

By Kenya Sinclair (CALIFORNIA NETWORK)

German and Italian intelligence agencies discovered ISIS' plan to pose as refugees to detonate bombs and suicide vests buried beneath lounge chairs across Spanish, French and Italian beaches this summer. LOS ANGELES, CA (Catholic Online) - According to the Mirror, ... continue reading


Norwegian mass murderer Anders Breivik wins human rights case. See the 'inhumanity' of Norway's prison system (PHOTOS) Watch

Image of Breivik has won a case that his solitary confinement and other conditions of his imprisonment are 'inhumane.'

By David Drudge (CALIFORNIA NETWORK)

The conditions that Norwegian mass murderer Anders Behring Breivik have been subjected to are inhumane, according to a Norwegian court. Breivik was convicted of killing 77, and injured 319. Many of his victims were children. LOS ANGELES, CA (California Network) - Life ... continue reading


Why is the Trevi Fountain being dyed blood red? Watch

Image of

By CNA/EWTN News

On April 29, the Trevi Fountain, one of the most popular and emblematic tourist spots in Rome, will be dyed red in recognition of all Christians who even today give their life for the faith.  Rome, Italy (CNA/EWTN News) - The event is being organized by Aid to the ... continue reading


All Europe News

Newsletters

Newsletter Sign Up icon

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

Subscribe to Catholic OnlineYouTube Channel

the FEED
by Catholic Online

Daily Readings

Reading 1, Acts 15:22-31
22 Then the apostles and elders, with the whole church, decided to choose ... Read More

Psalm, Psalms 57:8-9, 10-12
8 Awake, my glory, awake, lyre and harp, that I may awake the ... Read More

Gospel, John 15:12-17
12 This is my commandment: love one another, as I have loved ... Read More

Saint of the Day

Saint of the Day for April 29th, 2016 Image

St. Catherine of Siena
April 29: St. Catherine of Siena was born during the ... Read More