The entrepreneur Gerhard Porsche, grandson of the founder of the famous car dynasty Ferdinand Porsche, died at the age of 88. This was reported by the Austrian funeral home Schusleitner's funeral. An obituary was published on the funeral home's website. "It is with deep sadness that we announce the death of Mr. Gerhard Porsche. He passed away peacefully on Friday, October 30, 2026, at the age of 88, surrounded by his beloved family. His connection to agriculture, his love of animals and his passion for hunting shaped his life and were of great importance to him," the statement said. Farewell to Gerhard will take place on Tuesday, November 17. The urn will be buried at a later date in a private family ceremony. Austrian businessman Gerhard Porsche was the brother of Wolfgang Porsche, chairman of the boards of Porsche AG and Porsche Automobil Holding SE. At the same time, Gerhard led a non-public lifestyle and preferred to concentrate on regional business and philanthropy.