In 1975 he sold his part of Daimler-Benz to the Deutsche Bank for more than $ 1 billion. Major tax liabilities were avoided through "cultivation of the political landscape", - a process that turned into the Flick Affair in 1983 when it became apparent that about $15 million had been paid to German political parties to achieve tax relief and favorable rulings. Although Chancellor Helmut Kohl benefited from the dealings, he had "no recollections", while others resigned from their posts. In 1985 FKF sold off the remainder of his companies. Deutsche Bank announced that it bought his holdings for about $ 3 billion DM, and he retired in Austria. An avid hunter, he is married and has twins. He is the richest person in Austria.