August von Finck, Jr.
August von Finck Jr. ( born March 11, 1930 in Munich) is a German investor and former banker. He is the second of four sons of August von Finck senior and has lived in Switzerland since 1999.
Life
August von Finck sought initially to professionally who manage 4,000 hectares of family land ownership. Instead, sat by his father that he was trained as a banker. Finck joined the family-owned Munich bank Merck Finck & Co, whose partner he became in 1973. After the death of his father in 1980, he became head of the then third-largest private bank.
Investments
Finck acquired interests in the Munich Löwenbräu (since 2004 Custodia Holding AG ) and at the Swiss restaurant and hotel group Mövenpick ( main shareholder). In 1990 he sold the bank and then focused on investments in Swiss companies such as machine builders Von Roll to Alusuisse -Lonza, the conglomerate Oerlikon - Buehrle, the Warenprüf holding Société Générale de Surveillance (SGS SA in Geneva ) and the refractories company RHI AG, Vienna. In early 2006, made by Finck with an indirect stake of 25.1% in the German construction group Hochtief AG, Essen, headlines; this was sold again in March 2007. In 2007, the financier with Swiss technology company Von Roll completely. Junior August von Finck also held shares in a fund consortium whose rents receivable department store group Arcandor could no longer operate, and therefore had to file for bankruptcy on June 9, 2009. In 2011 he sold his shares in the wine producer J. Oppmann AG acquired naming rights for the name of the group Degussa in order for them to use for the gold trade.
In recent years, August von Finck has increasingly retired from active business. This was taken over by his sons, August François von Finck and Luitpold Ferdinand von Finck.
Political commitment
Politically, Finck hired indirectly by financing the campaign against the euro introduction of the right-wing populist party league of free citizens around the former FDP politician Manfred Brunner and support of the Association Bürgerkonvent of Meinhard Miegel.
About the Substiana AG (formerly VM Holding Aktiengesellschaft ), a daughter of his Vercura Asset Management GmbH, donated by Finck of the FDP in the years 2008 and 2009 a total of EUR 1.1 million. About the Clair Real Estate Germany GmbH ( 430,000 euros ) and Mercator Management GmbH ( 390,000 euros ) in 2008 donated a total of 820,000 euros in September to the CSU, which has primarily made strong for value-added tax reform. Finck had donated repeatedly to bourgeois, conservative and liberal parties in the past. He is considered one of the main beneficiaries of the reduction of VAT for hotel accommodation, which is why the FDP months, has been derided as Mövenpick party.
August von Finck is junior in 2013 with an estimated net worth of around 8.2 billion U.S. dollars on place 10 of the Forbes ranking for Germany and on place 138 worldwide. 1999 Finck moved his residence to Switzerland Castle Weinfelden in the canton of Thurgau.
Family
His marriage to Francine von Finck, born in Le Tanneux of Saint Paul, had four children, the sons of August François ( b. 1968 ), Maximilian Rudolf ( * 1969 ), Luitpold Ferdinand ( b. 1971 ), Maria Theresia von Finck (* 1975 ). Helmut von Finck ( born 1959 ), the youngest son from his second marriage died in 1980 of August von Finck, senior court fights against his two half-brothers, August and Wilhelm ( † 2003) from his first marriage of his father to a higher share of the inheritance.