A native of Dresden who made his way to Western Germany after World War II, Mr. Merckle parlayed a family business in chemicals into one of the biggest pharmaceutical concerns in the world. Ratiopharm, a maker of generic medicines that was a recognized brand itself, became the pride of the family.
scrump, that's awful that your parents had an asset allocation that was completely wrong for them. Anyone who needs money soon or reliably should not have it in the stock market.
Forbes estimated Mr. Merckle’s fortune at $9.2 billion in 2008, making him No. 94 on its list of the world’s richest.
In November, it became clear that Mr. Merckle had lost an amount of money in the “low hundreds of millions”
You people make me sick sometimes.
Not every death is tragic. Any man who goes to the grave at 74 with 8 billion dollars in the bank while a million people a year die of malaria for want of mosquito nets is not someone I'm going to mourn.
No reason to end one's life, but I would wager it was the loss of his entire life's work, rather than the money aspect, that did him in.
But, as seanmpuckett says, cheap moral posturing on the internet is a lot easier than actually helping people.
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