The Local Germany

Richest in Germany own around two thirds of country's wealth

Wed, 15 Jul 2020 13:20:28 +0200

Germany's already high level of wealth inequality has been significantly underestimated, according to a new study.

This is how many millionaires live in Germany

Thu, 09 Jul 2020 11:01:01 +0200

A new report says Germany has the third largest number of dollar millionaires in the world – and the rich are growing. At the end of this year, however, the outlook could be different.

Are you in Germany's richest 1 percent?

Fri, 05 Jun 2015 17:26:18 +0200

An economist has determined how much a person must make on average to be considered part of the wealthiest one percent in various countries, and in Germany the amount is not as high as you might think.

BMW family shoots to top of German rich list

Tue, 07 Oct 2014 18:10:00 +0200

The descendants of a committed Nazi, who made his fortune under the Third Reich, have shot to the top of Germany's rich list for the first time, leapfrogging the country's discount store billionaires. Who else made the top ten?

Forbes list reveals Germany's richest people

Tue, 04 Mar 2014 15:33:00 +0100

To be rich in Germany you either need to inherit your wealth, start a discount supermarket chain or own a chunk of BMW, according to the Forbes Billionaires List published on Tuesday.

Government slates 'Robin Hoods' wealth tax

Fri, 03 Aug 2012 17:07:00 +0200

An alliance of non-profit groups and unions wants to see Germany's super-rich to pay more to keep the state from going broke.

Aldi dynasty continue to lead German rich list

Mon, 10 Oct 2011 17:32:00 +0200

The best business to get into in Germany seems to be discount supermarkets - the owners of Aldi, Lidl and Kaufland again top the list of the country’s richest people.

Rich call for higher taxes

Wed, 31 Aug 2011 18:29:00 +0200

Wealthy Germans are joining what is becoming a European trend: Ultra rich people saying they are willing to carry a higher tax burden in order to help the continent’s economies struggling with crushing levels of debt.

Germany home to growing 'super rich' class

Wed, 01 Jun 2011 19:08:00 +0200

Germany is now second only to the United States when it comes to "super rich" households worth more than $100 million (€70 million), according to a study published this week.

Discount supermarket tycoons dominate billionaires list

Tue, 12 Oct 2010 17:16:00 +0200

The founder of bargain-basement supermarket chain Aldi, Karl Albrecht, topped a list of Germany's richest people published Tuesday, with assets valued at €17.1 billion ($23.6 billion).

Steinbrück chastises the 'excesses' of Germany's rich

Fri, 17 Sep 2010 11:00:00 +0200

Former Finance Minister Peer Steinbrück condemned the “excesses” of Germany’s privileged classes on Friday, blaming tax dodgers for helping to perpetuate social problems.

Super-rich families lose billions in crisis

Sun, 04 Jan 2009 10:27:00 +0100

Germany's 20 wealthiest families have lost about €40 billion in the economic crisis in share values alone, the financial magazine WirtschaftsWoche reported in its latest edition.