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 AlpsBERLIN -- 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. 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. The district court in Cologne, where Haub lived, said Friday it has now formally declared him dead, giving the time of death as midnight on April 7, 2018. Haub's brothers, company and wife had applied to have him officially declared dead.

Source: ABC News May 14, 2021 11:48 UTC