ZURICH, Switzerland (AP) -- German-born billionaire coffee, chocolate and employment king Klaus J. Jacobs has died.
His family-owned investment firm Jacobs Holding says he had been suffering from cancer and died during the night. He was 71.
Jacobs sold his family's business Jacobs Suchard to Philip Morris in 1990 for 3.1 billion Swiss francs after he merged it with Interfood, featuring the Suchard and Tobler chocolate brands.
Jacobs then created Adecco from the employment firms Adia and Ecco and built it into the world's biggest staffing agency.
Family council's spokesman Urs Laufer says Jacobs died in Kuesnacht near Zurich on Thursday. He leaves behind his second wife Renata, their four children and two children from an earlier marriage.
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