Marlene Engelhorn Explained

Marlene Engelhorn
Birth Date:1992
Birth Place:Vienna, Austria
Nationality:German
Austrian
Awards:Human Act Award (2022)
Education:University of Vienna (BA)
Notable Works:Geld
Known For:Advocacy for inheritance tax policies and gay rights

Marlene Engelhorn (born 1992, Vienna)[1] [2] is an Austrian and German activist and heiress known for advocating the reform of inheritance tax policies.[3] [4] [5] [6]

A descendant of Friedrich Engelhorn from the family who founded the chemical industry concern BASF, and granddaughter of, Engelhorn inherited a considerable fortune from her grandmother,, whose wealth was estimated at $4.2bn (€3.8bn).[7] She gained media attention after saying in an interview that she was in favour of wealth tax and willing to be taxed at 90% on her inheritance or to donate 90% of her wealth.[8] In 2024, she did the latter.

Engelhorn is also the founder of Tax me now, a German initiative lobbying for higher taxes on the wealthy.

Early life and education

A descendant of Friedrich Engelhorn from the family who founded the chemical industry concern BASF, and granddaughter of and, Marlene Engelhorn was born in Vienna in 1992. Like many from the local bourgeoisie, she studied in the Lycée Français de Vienne.

She studied German language and literature at the University of Vienna, but did not obtain a degree.[9] She would like to work as proofreader for a publishing company.

Awareness and tax activism

She mentioned she became aware of her wealth situation at the university, when she was in contact with ″normal″ people.

In 2021, she discovered she was going to inherit directly from her grandmother,, whose wealth was estimated at $4.2bn (€3.8bn). Marlene Engelhorn claimed she wanted the Austrian state to tax her at 90%, as this inheritage seemed "unfair" to her because she had not worked for it. However, there is no tax on inheritance in Austria.

She founded the group Tax me now in Germany in 2021 to lobby for higher taxes on the wealthy.[10] In 2024, more than 250 people, including Abigail Disney, heiress from Disney family, Brian Cox, from HBO series Succession, and Valerie Rockefeller, had joined her in this initiative. They sent a letter to Davos Forum to ask for more taxes to millionaires.[11]

Engelhorn's grandmother died in September 2022, and Engelhorn inherited around €25 million.[12] Engelhorn claimed she would donate 90% of it. She then created a Council for Redistribution: after sending letters to Austrian citizens, 50 of them were selected to propose ideas which will benefit society in order to use Engelhorn's fortune. [13] Work sessions were organized between March and June 2024 in Salzburg. Engelhorn did not have any decision power on the conclusion of the debates. In the end, €25M were redistributed to nearly 80 organizations, including € to Wikipedia.[14]

Recognition

In 2022, the Human Act Award was awarded to Engelhorn for her advocacy of and her work towards wealth taxes in German-speaking Europe.[15]

Publications

External links

Notes and References

  1. Web site: 11 November 2021 . "Das Rich Kid, das die Klappe aufreißt" . 23 January 2024 . . de.
  2. News: Chastand . Jean-Baptiste . 10 November 2022 . Marlene Engelhorn, the Austrian multi-millionaire who wants her fortune taxed . 18 February 2024 . . en.
  3. News: Bubola . Emma . She's Inheriting Millions. She Wants Her Wealth Taxed Away. . The New York Times. 21 October 2022 .
  4. Web site: K-Word #403: Neues aus der Lesbenwelt . 23 January 2024 . www.l-mag.de.
  5. News: Neate . Rupert . 22 May 2022 . Millionaires join Davos protests, demanding 'tax us now' . 23 January 2024 . . en-GB . 0261-3077.
  6. Web site: Charpentier . Denisse . 18 January 2024 . Millonaria austriaca donará gran parte de su fortuna para dar una lección: "No quiero ser tan rica" . 22 May 2024 . BioBioChile – La Red de Prensa Más Grande de Chile . es.
  7. News: Bell . Bethany . 10 January 2024 . Austrian heiress Marlene Engelhorn announces plan for €25m giveaway. 23 January 2024 . . en-GB.
  8. Web site: Marlene Engelhorn. Millionaires for Humanity. 24 January 2024.
  9. Web site: Z2X – Das Festival neuer Visionärinnen und Visionäre . 28 January 2024 . Z2X – Das Festival neuer Visionärinnen und Visionäre . de.
  10. News: 23 October 2023 . The millionaires calling for higher taxes: 'I'm rich, tax me!' . 22 May 2024 . Le Monde.fr . en.
  11. Web site: Rosety . Luis Colom . 20 January 2024 . Así es Marlene Engelhorn, la empresaria millonaria que pide más impuestos a los ricos en Davos . 22 May 2024 . Forbes España . es.
  12. News: 31 January 2024 . L’héritière autrichienne qui voulait redistribuer sa fortune: «devenir multimillionnaire, c'était un hasard» – Le Temps . 22 May 2024 . fr . 1423-3967.
  13. Web site: 17 January 2024 . Autriche. Marlene Engelhorn, la riche héritière qui veut laisser ses compatriotes dépenser son argent . 22 May 2024 . Courrier international . fr.
  14. News: Yaffa . Joshua . How to Give Away a Fortune . . 2 September 2024 . 3 September 2024 . en .
  15. Web site: Human Act Award 2022. humanact.org. 8 August 2023. 23 January 2024.