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Austria Today

Austrian news in English

Wednesday, October 23, 2024

Richard Lugner: An Austrian Icon Passes

Published: 2024-08-13

Richard Lugner, the renowned Austrian entrepreneur and socialite, has passed away at the age of 91. Known for his flamboyant presence at the Vienna Opera Ball, Lugner often appeared with celebrity guests, earning him a unique place in Austrian pop culture.

His death has sparked a wave of tributes from political figures and the public, recognizing him as an "Austrian original" and a significant cultural figure.

Lugner's business empire, including the successful Lugner City shopping center, is estimated to be worth around 250 million euros, with his family set to inherit his legacy.

Despite his wealth, Lugner also leaves behind debts of 40 million euros.

His recent marriage to Simone Reiländer, who is now involved in managing his businesses, highlights his personal life, which was often in the public eye.

Lugner's passing marks the end of an era for a man who was as much a part of Austria's social fabric as he was a business magnate.