The influence of billionaires on world politics, business, and philanthropy is enormous. According to Forbes, by 2023 there will be 2,640 billionaires worldwide.
The people on this list are members of an even more exclusive club and hold even more power. A large part of the wealth of many technological industry titans’ founders is still vested in the businesses they founded.
However, to avoid selling stock, these billionaires can still borrow against that wealth, avoiding taxes on unrealized capital gains. Many tax deductions are accessible to multi-billionaires to reduce their reported earnings, resulting in some of those on this list not paying any income tax in recent years.
With an estimated net worth of 47.7 billion dollars as of July 10, 2023, Dieter Schwarz was the wealthiest Person in Germany, followed by Klaus-Michael Kuehne ($34.9 billion), Reinhold Wuerth ($29.3 billion), and Stefan Quandt ($26.5 billion).
Susanne Klatten has a stunning $25.3 billion in wealth, making her Germany’s fifth-richest individual. Theo Albrecht Jr ranked 6th with a personal wealth of $17.8 billion, followed by Beate Heister with $17.0 billion. Karl Albrecht Jr. is ranked eighth with a net worth of $17.0 billion. Andreas Struengmann & family($10.4 billion) occupies the 9th position among Germany’s top 10 richest people.
Wealthiest People in Germany Billionaires List 2023 (July 18, 2023)
Dieter Schwarz
- Net worth: $51.7 billion USD
- Source: Oracle
- Age: 83
- Residence: Heilbronn
- Nationality: German
Klaus-Michael Kuehne
- Net worth: $ 38.8 billion USD
- Source: Kuehne + Nagel · Alfred Kühne · August Kühne
- Age: 86
- Residence: Schindellegi, Switzerland
- Nationality: German
Reinhold Wuerth
- Net worth: $31.6 billion USD
- Source: Adolf Würth Group
- Age: 88
- Residence: Künzelsau
- Nationality: German
Stefan Quandt
- Net worth: $23.2 billion USD
- Source: Businessman
- Age: 57
- Residence: German
- Nationality: German
Susanne Klatten
- Net worth: $25.9 billion USD
- Source: BMW Group
- Age: 61
- Residence: Germany
- Nationality: German
Theo Albrecht Jr
- Net worth: 18.4 billion USD
- Source: Co-founder of Aldi, owned Trader Joe’s and Aldi Nord
- Age: 73
- Residence:
- Nationality: German
Beate Heister
- Net worth: $17.5 billion USD
- Source: Aldi
- Age: 71
- Residence: Neuss, Germany
- Nationality: German
Karl Albrecht Jr.
- Net worth: $17.5 billion USD
- Source: Aldi
- Age: 75
- Residence: Mülheim an der Ruhr, Germany
- Nationality: German
Thomas Struengmann
- Net worth: $10.4 billion USD
- Source: Hexal AG
- Age: 73
- Residence: Germany
- Nationality: German
Friedhelm Loh
- Net worth: $10.2 billion USD
- Source: Debora Loh
- Age: 73
- Residence: Haiger
- Nationality: German
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