Tuesday January 6, 03:37 PM
Troubled German billionaire killed himself: family
BERLIN (AFP) - German billionaire Adolf Merckle, whose industrial empire was on the rocks, has killed himself, his family confirmed on Tuesday after reports said he had been hit by a train.
"The plight of his firms caused by the financial crisis, the uncertainties of recent weeks as well as the powerlessness of not being able to do anything, broke this passionate family businessman and he ended his life," a statement said.
Merckle, 74, headed the world's 94th biggest fortune, according to Forbes magazine, with a total net worth last March of 9.2 billion dollars (6.9 billion euros).
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