History
Friedrich Flick was the son of a wealthy farmer, who also owned some stock in a mining company in Ernsdorf. His rise began as a member of the board of directors of the Charlottenhütte mining company, and he eventually became a co-owner. He became the company's Director-General in 1919. During the Weimar Republic, be built an enormous industrial conglomerate.
While originally a member of the liberal German People's Party, Flick also supported the Nazi Party financially from 1933, and over the next ten years donated over seven million marks to the party.
During the Second World War Flick's industrial enterprises used 48,000 forced labourers from Germany's concentration camps. It is estimated that 80 per cent of these workers died as a result of the way they were treated during the war. Flick was found guilty of war crimes at Nuremberg in 1947 and was sentenced to seven years in prison, but was pardoned shortly after and resumed control over his industrial conglomerate, becoming the richest person in West Germany.
The 1983 Flick Affair revealed that German politicians had been bribed to allow the Flick family to reduce its tax liabilities, and after becoming an Austrian citizen to further reduce his tax obligations, in 1985 Friedrich Karl Flick sold most of his industrial holdings to Deutsche Bank for $2.5 billion (£1.4 billion), retiring until his 2006 death.
On Thursday November 20, 2008, it was reported that his body was stolen from a cemetery in Veldel, Austria.
A German high school in Friedrich Flick's hometown was called the "Friedrich-Flick-Gymnasium" until September 2008. The contribution from Flick had made it possible to build this school in 1969. The Donatella Flick Conducting Competition is named for Donatella Flick.
Read more about this topic: Flick Family
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