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Case file s231 · Foundations · 1967
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1967
Died
30 July 1967 (Alfried Krupp von Bohlen und Halbach)
Place
Essen, West Germany
Field
steel and armaments
Legal tradition
German civil law (Stiftung) · Civil law
Historical event
Krupp's 1967 financial crisis; postwar West German industry
FoundationsGiven awayPostwarEuropeGermanyKrupp family
AI illustration: Villa Hügel, the Krupp family house above the Ruhr at Essen, 1967
Illustration made with AI for celebrity.estate.

Arndt von Bohlen und Halbach gave up the Krupp inheritance for 2 million marks a year so a foundation could own the company

Alfried Krupp, convicted at Nuremberg as a war criminal, ran Fried. Krupp as a sole proprietorship. His only child, Arndt, born in 1938, was not accepted by the family, according to his biographer†. In September 1966 Alfried made a will naming a new foundation sole heir to his private fortune and the company. The plan required Arndt to renounce his inheritance. He did, in 1966, in return for an annual payment of 2 million Deutsche Marks, and he lost the right to use the Krupp name. Alfried announced the plan at Villa Hügel on 1 April 1967 and died on 30 July 1967. The foundation started on 1 January 1968 with Alfried's manager Berthold Beitz as chairman, a post he held until his death in 2013. Arndt married Princess Henriette von Auersperg in 1969 and moved between Marrakesh, Kitzbühel, Sylt and Munich. He died on 8 May 1986, aged 48, deeply in debt. The foundation is the largest shareholder of thyssenkrupp, has spent €696.2 million on grants since 1968, and held about €0.8 billion in assets at the end of 2023†.

What the law took from it

A fixed annuity can buy an heir out of a family company, but it does not grow with the company and does not protect him from his own debts.

Sources
  1. Internet ArchiveGovernment record
  2. Der SpiegelPress
  3. Wikipedia (English)Encyclopedia
  4. Wikipedia (English)Encyclopedia

Cite as: celebrity.estate, “Arndt von Bohlen und Halbach gave up the Krupp inheritance for 2 million marks a year so a foundation could own the company,” story s231, https://www.celebrity.estate/arndt-1967, updated 30 October 2026.

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Where this case sits

FoundationsGiven awayPostwarEuropeCivil lawGermanyKrupp family