By: Kyle James | 04-14-2018 | News
Photo credit: Dreamstime

Switzerland – German Billionaire Climbing Matterhorn Presumed Dead

The family of German Retail magnate Karl-Erivan Haub fears the worst as chances of his survival drops to zero. Haub ran a tech firm called Tengelmann which said after seven days of searching they are now shifting focus toward recovering his body. The Tengelmann group said Friday the 58-year-old Haub is presumed dead.

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Haub was one of Germany's richest men and he was known as an Alpine athlete who enjoyed the challenge of a difficult climb. He was last seen at the Little Matterhorn peak's cable car station near Zermatt, Switzerland. The billionaire was on a skiing trip across the glacier-covered mountain when he went missing last weekend.

"On behalf of the Haub family, we regret to announce that after over seven days in extremely challenging conditions in a glacier area, there is no longer a chance of survival for Karl-Erivan Haub," Tengelmann said. Tengelmann is based in Germany's Ruhr region and added that rescuers would continue their search in "extreme climate conditions" so that his body could be recovered.

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">FOX NEWS: Storm complicates Swiss Alpine search for lost billionaire<br>Storm complicates Swiss Alpine search for lost billionaire<br><br>A strong storm in the Alps is hampering efforts to find a German billionaire who has been missing on the famed Matterhorn peak for days. <a href=""></a></p>&mdash; THE WORLD WIDE NEWS (@haseebsl98) <a href="">April 12, 2018</a></blockquote>

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The area around the Little Matterhorn peak is riddled with deep and treacherous crevices across the glacial ice. A recent storm hampered rescue efforts which stretched as far as Italy. Searchers suspect Haub had an accident while on his solo practice run and said his phone stopped sending signals last Saturday.

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Mathias Volken, spokesman for Switzerland's Valais region police said, "The family now has to discuss with local emergency services how to design this search." Haub's trip to Switzerland's treacherous glaciers was a part of his training for Patrouille des Glaciers, a bi-yearly race across the Alps. The difficult race is organized by the Swiss army and is set to begin next Tuesday.

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