German billionaire Adolf Merckle has killed himself. "The desperate situation of his companies, caused by the financial crisis, the uncertainties of the last few weeks and his powerlessness to act, broke the passionate family entrepreneur and he took his own life," a family statement said
Crushed by watching his life's work slip through his fingers, Adolf Merckle, the 74-year-old Swabian billionaire, walked out into the bitter cold Monday night and threw himself under a speeding train.
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Though he led a quiet life, mountain-climbing being among his few personal passions, Merckle was thrust into the headlines in November as it emerged that he lost several hundred million euros when he got caught on the losing end of a short sale of Volkswagen shares. It is believed that he lost as much as €500 million. His trouble was made worse by the spreading financial crunch, which hit his corporate empire hard.
Source and Picture : time
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