As Marlene Engelhorn made her way through Davos last week, she was greeted a handful of times with expletives. The frosty welcome was not necessarily aimed directly at the millionaire heiress, but rather the message emblazoned on the metre-high placard she was lugging around with her: “Tax the Rich.”
Since 2021, Engelhorn, whose wealth traces back to the German chemical company BASF and pharmaceutical company Boehringer Mannheim, has called for taxes to be raised on herself and her peers in the 1%.