Monday 9 February 2009

The 96th wealthiest man in the world -Part 3 -Adolf Merckle


Adolf Merckle was a businessman, and one of the richest people in Germany. Most of his wealth came from inheritance. He developed his Bohemian grandfather's chemical wholesale company into Germany's largest pharmaceutical wholesaler, Phoenix Pharmahandel. Adolf Merckle committed suicide on January 5, 2009 by throwing himself in front of a train near his hometown of Blaubeuren. It was believed that his cement company was unable to make payments on a huge loan taken out to purchase an English competitor.

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