Court declares missing German billionaire dead after 3 years

A German court has officially declared billionaire Karl-Erivan Haub dead, more than three years after the head of retail group Tengelmann went missing in the Swiss Alps

BERLIN -- A German court on Friday officially declared billionaire Karl-Erivan Haub dead, more than three years after the head of retail group Tengelmann went missing in the Swiss Alps. Haub, who was 58, was training for a ski mountaineering race when he disappeared under Switzerland’s famous Matterhorn peak, located on the southern border with Italy. He was last seen on the morning of April 7, 2018, as he headed up a mountain lift with skis and a daypack, and was reported missing to police the following morning after he failed to show up at his hotel in the Swiss resort of Zermatt. Haub's family gave up hope of finding him alive after a week and the search for him was officially called off in October 2018.