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Missing German billionaire’s family gives up hope of rescue

Missing German billionaire's family gives up hope of rescue | iNFOnews.ca
The heliport of Air Zermatt, the local air rescue, was unable to proceed the rescue operations today for the missing German businessman Karl-Erivan Haub, the 58-year-old heir to the Tengelmann retail empire, due to bad weather conditions, on Thursday, April 12, 2018, in Zermatt, Switzerland. Authorities in Switzerland and Italy are searching for the German billionaire who has been missing in the Alps since April 7. (Dominic Steinmann/Keystone via AP)
Original Publication Date: April 13, 2018 1:07AM
Publication Updated: April 23, 2025 4:03PM

BERLIN – The family of a German billionaire has given up hope of finding him alive a week after he disappeared in the Alps.

The Tengelmann retail group said on behalf of Karl-Erivan Haub’s family in a statement Friday that there was no longer any hope for him after a week “in the extreme climate conditions of a glacier area.”

Rescuers in Switzerland and Italy have spent days searching for Haub, the 58-year-old heir to the Tengelmann empire, in a large area under the Matterhorn peak on the two countries’ border.

He was last seen on Saturday morning as he headed up a mountain lift with skis and a daypack.

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