• Germany's news in English

500 richest Germans top Swiss GDP

The Local · 9 Oct 2012, 08:59

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

Facebook Twitter Google+ reddit

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.

Story continues below…

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)

Facebook Twitter Google+ reddit

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
Man dies after beating for peeing near Freiburg church
The Johannes Church in Freiburg. Photo Jörgens Mi/Wikipedia

A middle-aged man from southern Germany has died after being attacked by a group of men who took umbrage with the fact he was urinating in the vicinity of a church.

The Local List
Seven German celebrities with uncanny doppelgängers
Former Berlin mayor Klaus Wowereit and actor Alec Baldwin. Photo: DPA; Gage Skidmore, Wikimedia Commons

Check out these seven look-a-likes of well known German figures - we admit that some are more tenuous than others...

Israel seeks to buy three new German submarines: report
A Dolphin class submarine. Photo: DPA

Israel is seeking to buy three more advanced submarines from Germany at a combined price of €1.2 billion, an Israeli newspaper reported Friday.

Here’s where people live the longest in Germany
Photo: DPA

Germans down south seem to know the secret to a long life.

More Germans identify as LGBT than in rest of Europe
Photo: DPA

The percentage of the German population which identifies as lesbian, gay, bisexual or transgender is higher than anywhere else in Europe, according to a new study.

'Reichsbürger' pair attack police in Saxony-Anhalt
File photo: DPA.

A "Reichsbürger" and his wife attacked police officers on Thursday, just a day after another Reichsbürger fatally shot an officer in Bavaria.

Five things not to miss at the Frankfurt Book Fair
Photo: DPA

From consulting a book doctor to immersing yourself in an author's world with the help of virtual reality, here are five things not to miss at this week's Frankfurt Book Fair, the world's largest publishing event.

Parents who don't get nursery spot for kid entitled to pay
Photo: DPA

The Federal Court of Justice (BGH) ruled on Thursday that parents whose children don't receive placements in nursery care are entitled to compensation.

Eurowings braces as cabin crew union proclaims strike
Photo: DPA

A union representing cabin crew for Lufthansa's budget airline Eurowings announced that strikes could take place at any time over the next two weeks, starting on Monday.

Mysterious German U-boat wreckage found off Scotland
Photo: ScottishPower

First World War U-boat "attacked by sea monster” thought to be found off Scottish coast.

Sponsored Article
How to vote absentee from abroad in the US elections
10 things you never knew about socialist East Germany
Sponsored Article
Last chance to vote absentee in the US elections
How Germans fell in love with America's favourite squash
How I ditched London for Berlin and became a published author
Sponsored Article
How to vote absentee from abroad in the US elections
12 clever German idioms that'll make you sound like a pro
23 fascinating facts you never knew about Berlin
9 unmissable events to check out in Germany this October
10 things you never knew about German reunification
10 things you're sure to notice after an Oktoberfest visit
Germany's 10 most Instagram-able places
15 pics that prove Germany is absolutely enchanting in autumn
10 German films you have to watch before you die
6 things about Munich that’ll stay with you forever
10 pieces of German slang you'll never learn in class
Ouch! Naked swimmer hospitalized after angler hooks his penis
Six reasons why Berlin is now known as 'the failed city'
15 tell-tale signs you’ll never quite master German
7 American habits that make Germans very, very uncomfortable
Story of a fugitive cow who outwitted police for weeks before capture
Eleven famous Germans with surnames that'll make your sides split
The best ways to get a visa as an American in Germany
jobs available
Toytown Germany
Germany's English-speaking crowd