Career
In 2015 Forbes estimated his Netto wealth at $5.1 billion. He began his career in 1948 selling clothes and opened his first Massa department store in 1965.The Massa stores were introduced on the German stock market in 1986. In 1987 Kipp sold his remaining shares but he kept the real estate of the stores, which he rents to retailer Metro AG.
Kipp owns real estate in the United States, notably several high-end properties in Manhattan including 950 Third Avenue.
In addition, he has five Swiss hotels and resorts in his "Tschuggen Hotel Group", including the Hotel Eden Roc in Ascona, the Carlton Hotel in Street Moritz and the Tschuggen Grand Hotel in Arosa.