Lars Windhorst, Theo Weimer, the most powerful armies – that was Tuesday, 25.02.2025

Germany's most famous billionaire speculator, Lars Windhorst (48), has accumulated small and large bankruptcies like other super-rich sports clubs. Windhorst did not lead the traditional Berlin club Hertha BSC into the Champions League, but into chaos. The promised rescue of the FSG and Nobiskrug shipyards ended in insolvency shortly before Christmas. Windhorst let the Ihme Center in Hanover deteriorate until the city canceled its premises in the concrete giant. La Perla , an Italian brand for women's underwear, is tumbling towards bankruptcy, similar to FSG and Nobiskrug.

Practically everywhere he appears, Windhorst leaves a trail of financial devastation. Business partners are wondering where the millions that Windhorst sinks into ever new investments come from. When it comes to bankruptcies, the investor always shifts the blame onto others, as my colleagues Claas Tatje and Vinzenz Neumaier report. But now public prosecutors are taking up the fight with the billionaire speculator: Will they finally stop Lars Windhorst?