Karl-Erivan Haub, heir to the Tengelmann retail empire, disappeared within the Alps at the weekend.
The 58-year-old, who has been described as an experienced skier and mountaineer, was training for a skiing race when he vanished on the Matterhorn, which straddles the border between Switzerland and Italy.
Mr Haub's family raised the alarm after he did not return to his hotel on Saturday afternoon, consistent with Swiss newspaper Blick.
As of my last update in January 2022, there hasn't been any widely reported case of a German billionaire going missing on a ski trip in the Alps. It's essential to remember that news is continuously evolving, and new events might have occurred after my last update.
If such an incident has occurred recently, I recommend checking reliable news sources or official statements for the most accurate and up-to-date information on the situation.
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