Court Declares Missing German Billionaire Dead After 3 Years

Court Declares Missing German Billionaire Dead After 3 Years
Karl-Erivan Haub is pictured in Muelheim, Germany, on Oct. 10, 2007. Martin Meissner/AP Photo
The Associated Press
Updated:

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.