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October 5, 2009

AFP: Man behind Bertlesmann dies at 88

By Spear's

BERLIN Reinhard Mohn, who built Germany’s Bertelsmann from a family printing and publishing business into one of the world’s largest media companies, has died at the age of 88, the firm said on Sunday.

BERLIN — Reinhard Mohn, who built Germany’s Bertelsmann from a family printing and publishing business into one of the world’s largest media companies, has died at the age of 88, the firm said on Sunday.

Mohn, listed at 261 in the Forbes’ 2009 billionaire list with a net worth of 2.5 billion dollars, was a Bertelsmann executive for over 60 years, leaving a firm that now employs more than 100,000 people in over 50 different countries.

“Bertelsmann mourns the loss of one of the greatest entrepreneurs of our age,” the current chairman and chief executive officer, Hartmut Ostrowski, said in a statement.

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