Search Continues for Missing German Billionaire in Alps

Swiss rescue teams held out hope Wednesday, April 11 that there was still a chance of finding a German billionaire alive even though he has been missing in the Alps for days, but admitted the likelihood of his survival was diminishing rapidly.

Karl-Erivan Haub, the 58-year-old heir to the Tengelmann retail empire, was training for a ski mountaineering race when he disappeared on Switzerland’s famous Matterhorn peak, located on its southern border with Italy. Haub was last seen on Saturday morning as he headed up a mountain lift with skis and a daypack, and was reported missing the following morning after he failed to show up at his hotel in Zermatt, said Valais canton (state) police spokesman Mathias Volken.

An immediate search, involving three helicopters, ground patrols and avalanche rescue teams was undertaken on both the Swiss and Italian sides of the border, involving up to about 60 people, said Anjan Truffer, head of the Zermatt rescue station.

Read more on MSN.com.

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