Karl-Heinz Kipp (12 February 1924[1] – 11 October 2017)[2] was a German billionaire, and founder of the Massa AG [de] department store chain.
[3] Kipp began his career in 1948 selling clothes and opened his first Massa department store in 1965.
[3] At the beginning of the 1970s Kipp built the first large-scale consumer market[clarification needed] on a "greenfield site".
In 1987, Kipp sold his remaining shares but kept the real estate, which he rented to the retailer Metro AG.
His daughter Ursula married Dr Wilfried Bechtolsheimer and together they have three sons, Felix (a singer with the rock group Hey Negrita), Goetz, and Till (the founder of Arosa Capital Management and amateur racing driver who competes in the 2021 IMSA SportsCar Championship),[6][7] and a daughter, Laura, an Olympic dressage rider.