Adolph Merckle, referred to as 'the German Warren Buffet,' has committed suicide

[katty]

more: http://www.msnbc.msn.com/id/28522036/

Family of Germany's Adolf Merckle says the financial meltdown 'broke' him

Matthias Hiekel / EPA file
Billionaire Adolf Merckle, a German billionaire industrialist who suffered huge losses when share price bets he made went wrong, has committed suicide, his family said. Merckle, 74, threw himself under a train.

German billionaire Adolf Merckle dies
Jan. 6: Adolph Merckle, referred to as 'the German Warren Buffet,' has committed suicide after suffering large financial losses. CNBC's Linda Behringer reports and a panel discusses the repercussions of Merckle's death.
CNBC

updated 27 minutes ago
BERLIN - German billionaire Adolf Merckle committed suicide after his business empire ran into trouble in the financial crisis, throwing himself in front of a train near his home, authorities and his family said Tuesday.

The 74-year-old’s business interests ranged from pharmaceuticals to cement, and its troubles had recently been compounded by losses on shares in auto maker Volkswagen AG.

Merckle’s body was found Monday night on railway tracks at Blaubeuren in southwestern Germany, prosecutors in nearby Ulm said.

[roguevalley]

1. more will probably follow. confusing the massing of zillions with

honor. RIP, Merckle, anyway. what a lonely moment you had.

[acmavm]

2. They must really look down on us plebs if they think suicide is better than

becoming one of us.

Call me Captain Obvious.