Esther Grether has died aged 89. Considered one of Switzerland’s leading entrepreneurs, the owner of the Basel-based Doetsch Grether Group was also a major shareholder in the Swatch Group and an art collector. +Get the most important news from Switzerland in your inbox Esther Grether passed away peacefully, her family announced on Friday. In recent years, the billionaire, who held a 3.76% stake in the world's number one watchmaker, had lived in seclusion in her house in Basel. Grether was a member of the Swatch Group board of directors from 1986 until 2014. Following the death of her husband Hans Grether shortly before the age of 64, Esther Grether took over the management of the family business Doetsch Grether in 1975 as managing director, making her an exception in the business world of the time. She had started her career at the Rhineland firm as a secretary and then married her boss. + Wertheimer family remains richest in Switzerland The Doetsch Grether group, whose origins go ...