• Germany's news in English
 

500 richest Germans top Swiss GDP

Published: 09 Oct 2012 08:59 GMT+02:00

The family behind German discount supermarket giant Aldi once again topped this year’s German billionaires, the list published Tuesday in Manager Magazin showed.

With a fortune worth €17.2 billion, the family of 92-year-old Karl Albrecht, who founded the company with his late brother Theo, took the No. 1 spot, while Theo Albrecht‘s sons Berthold and Theo Jr were in second place with a combined fortune of €16 billion.

But the co-founder of software company SAP, Hasso Plattner, saw the biggest gains in the past 12 months - the value of his assets increased by €900 million to nearly €6 billion.

The number of billionaires in Germany also reached a new peak in 2012, with 115 compared to 108 the previous year.

Meanwhile, the debt crisis wreaking havoc across the eurozone hasn’t shaken the super-rich. Germany’s wealthiest 100 citizens saw the value of their assets rise more than 4 percent – putting the figure closer to 2008’s record.

With the exception of those whose fortunes were made in the retail and financial sectors, nearly all branches of German business saw their wealthiest proprietors build on their riches.

But not all of the country’s billionaires had a good year. The family behind the bankrupt Schlecker drugstore chain was left with less than €40 million after seeing its fortunes drop by €1.92 billion, making it the biggest loser on this year’s list.

The Local/arp

The Local (news@thelocal.de)

Your comments about this article

10:14 October 9, 2012 by Berlin fuer alles
A lot of this being paid for by austerity in the German job market, Greece, Ireland, Portugal, Spain and with the courtesy of Angie and her buddies.
10:30 October 9, 2012 by hankeat
Beside many average (poor?) people like to give their money to millionaires through buying overpriced branded products and paying overpriced tickets.
11:19 October 9, 2012 by smart2012
question here is "so what?"

If you go to Africa there will be super rich people who are getting richer every day (even if the economical stuaiton in Africa in average is not of prosperity..) in Greece this is the same.

The question I would have is where those super rich people are investing theior money, and u will easily see that their money are in direction of Russia/China/Brazil/India/Dubai...BILD type of article
12:55 October 9, 2012 by bobmarchiano
Those super rich should be paying there workers at Aldi a living wage.
14:52 October 9, 2012 by LecteurX
I would like to see the link to the original survey. The figures and notions used in the article mean different things. The "total value" of the "assets" or "fortune" of these rich Germans is what it is... their wealth as of today, ie the result of many years, or decades, of work, like the Karl Albrecht, who is 92, and his brother, who recently died, aged 88. They had created their company just after the war, so their enormous "assets" are the result of 65 years at the helm of their successful company.

What's the point of comparing that with the GDP of any country? GDP means the amount of money generated in one country *within a year*. Surely, it would make much more sense to compare a country's GDP with people's annual revenues, rather than measuring up apples and oranges.
18:24 October 9, 2012 by Englishted
On whose back are these riding the "tough path" ?
15:10 October 10, 2012 by hbrodie
the total value of assets belonging to the 500 wealthiest Germans IS Switzerland¦#39;s GDP
Today's headlines
Scientists aiming to redefine the kilogram
The world's roundest sphere. Photo: DPA

Scientists aiming to redefine the kilogram

The German Nation Metrology Institute (PTB) in Braunschweig has set itself the enormous task of finding a new formula for measuring a kilogram. READ  

Alps Plane Crash
Germanwings co-pilot 'hid illness' on crash day
Photo: DPA

Germanwings co-pilot 'hid illness' on crash day

Germanwings said on Friday that it had no knowledge of a doctor-signed sick note found by investigators at flight 4U9525 co-pilot Andreas Lubitz's flat. READ  

Varoufakis quells rumours of resignation
Yanis Varoufakis. Photo: DPA

Varoufakis quells rumours of resignation

Update: After German tabloid Bild reported that Germany's least-favourite Greek minister Yanis Varoufakis was considering resigning, the minister rejected the story on Twitter. READ  

Germany to expand disability rights
Photo: DPA

Germany to expand disability rights

A representative of the German Labour Ministry went before a UN Committee on Friday to discuss the government's plan for improved rights for disabled people. READ  

Alps Plane Crash
Germanwings captain's compassion goes viral
Photo: DPA

Germanwings captain's compassion goes viral

A Facebook post describing how a Germanwings pilot personally reassured his passengers of their safety on a flight on Wednesday has received over quarter of a million likes. READ  

Bundestag passes 'foreigner toll' for roads
Photo: DPA

Bundestag passes 'foreigner toll' for roads

The Bundestag (German parliament) passed a hugely controversial law on Friday which will charge foreigners for the use of German roads. READ  

Alps Plane Crash
Airlines agree two-person cockpit rule
Photo: DPA

Airlines agree two-person cockpit rule

The Federation of the German Air Travel Industry (BDL) confirmed on Friday afternoon that from now on two people must be in the cockpit at all times, in a bid to avoid a repeat of the Germanwings disaster. READ  

Germany urgently needs immigrants: study
Spanish immigrants in Germany. Photo: DPA

Germany urgently needs immigrants: study

A study by the Bertelsmann Institute found on Friday that Germany will need around half a million new immigrants every year until 2050 to maintain its work force. READ  

Bundesbank tough, public soft on Greece
Jens Weidmann, head of the Bundesbank. Photo: DPA

Bundesbank tough, public soft on Greece

Bundesbank chief Jens Weidmann said on Friday that he is opposed to giving Greece further financial help because he believes the new government has frittered away too much trust, but a new poll showed that support for a "Grexit" had shrunk below 50 percent. READ  

Town flocks to mourn lost schoolchildren
A black ribbon on a sign in Haltern, North Rhine-Westphalia. Photo: DPA

Town flocks to mourn lost schoolchildren

President Joachim Gauck arrived in Haltern on Friday to join families and schoolchildren mourning the loss of their classmates and teachers in the Germanwings flight 4U9525 crash. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Can the 'nightmare' of a pilot downing a plane be prevented?
National
LIVE: Co-pilot suspected of crashing plane
Pupils mourn lost classmates
National
Freed after 25 years on death row
National
Cologne Cathedral returns from space
Sponsored Article
What expat parents should ask before choosing a school
Features
Paddy's Day, Berlin style
Is your workload 'out of control'? You're not alone...
National
Why east Germans are happy to get it on on camera
National
What would you do with a 250-year-old pretzel?
Features
Just why is the German flag Schwarz, Rot, Gold?
Business & Money
Getting German workers and bosses thinking positive
National
Uplifting thoughts to get you through the last week of winter
National
Who wants the Olympics more - Hamburg or Berlin?
National
Last-minute drama of Germany's Eurovision 2015 entry
National
German photographer takes world's top prize
Features
Meet the woman getting Germans to drink more – and better – beer
Gallery
Get inspired for International Women's Day with German heroes
Sponsored Article
Expert US tax preparation for Americans in Germany
Green party proposes first-ever cannabis legalization plan
Gallery
In pictures: Germany's seven most livable cities
National
Singapore canes Germans for train graffiti
Politics
Surprise! Germans love feeling like they run the EU
Politics
Anger over plan to show women what men earn
Travel
Munich tram fans bicker over new bell
Features
Kafka: puzzling translators 100 years on
Business & Money
France or Germany: Which country really is the best country to work in?
Photo: Police
Rhineland
Student driver crashes tank into family garden.
Photo: DPA
Politics
There was a notable absence at the Anti-Semitism Commission
National
How Dresden bombing still divides Germany, 70 years on
Photo: DPA
Gallery
Take a cute break with this gallery of baby animals
International
What's keeping UK expats from voting?
Photo: DPA
National
Terror alert at a new high. Should you be worried?
Gallery
The best regional foods TTIP opponents want to protect
Photo: DPA
Features
All you ever needed to know about Pegida
Photo: Shutterstock
Culture
This cosplayer did not think his plan through
National
Europe in statistics - from Spain to Sweden
Gallery
Top 12 German idioms
Culture
10 top tips for partying in Germany
Photo: DPA
Technology
What does the Chancellor see as the future of the internet?
Photo: DPA
Business & Money
JobTalk: All you need to know about working in Germany
National
Share news tips with The Local Germany
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Latest news from The Local in Sweden

More news from Sweden at thelocal.se

7,177
jobs available
Toytown Germany
Germany's English-speaking crowd