Rolex is owned by no billionaire or family — a single Geneva charitable foundation has held it since founder Hans Wilsdorf died childless in 1960, making the company effectively impossible to buy

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When Rolex founder Hans Wilsdorf died childless in 1960, ownership of the world's most valuable watch company passed entirely to a private Geneva charitable foundation he had created in 1945. Swiss foundation law means the company has no shareholders, no heirs, and effectively cannot be sold. The post Rolex is owned by no billionaire or family — a single Geneva charitable foundation has held it since founder Hans Wilsdorf died childless in 1960, making the company effectively impossible to buy appeared first on Space Daily .