Top 10 Richest Men In Germany 2022 German Billionaires

Germany is one of the world’s most industrious countries. The richest men in Germany have collectively been some of the main driving forces behind the German economy; they are the ones whose enterprises power the country by providing jobs, and whose production efforts provide the daily needs of the German people, sending out the excess produce to other countries, and bringing in foreign exchange in the process.

It seems that Germany has always been home to some very wealthy individuals. A good number of those who rank among the wealthiest people in Germany still trace their wealth to the resourcefulness of their fathers who lived and worked during that time; showing that Germany has perfected the art of preserving generational wealth for the use of future generations.

Germany has some of the richest people in the world; as a matter of fact, the 136 Billionaires in Germany are some of the movers and shakers of the world’s economy; the influence of their industry and commerce reaches far and wide, and their business moves directly the flow of money in the Eurozone.

Top 10 Richest Men In Germany 

1. Beate Heister & Karl Albrecht 

Net Worth: $39.2 Billion Usd

Industry: Supermarket chain, Retail sales

Siblings Karl Albrecht Jr and Beate Heister jointly control the German Supermarket giant Aldi. The Supermarket chain was founded by brothers Karl and Theo Albrecht in 1946 and then split into two separate groups in 1960. Nevertheless, with over 10,000 stores in 20 countries, and a turnover in excess of 50 Billion Euros, this is one of the biggest enterprises in Germany, and certainly, the highest valued private business in the country.

The Siblings Karl Albrecht Jr and Beate Heister jointly control the company. Beate’s son Peter Max Heister is being groomed to take control of the company in the near future; hopefully, he will become the face of the company unlike his mother who is a recluse; she holds fast in her mansion, and never grants interviews.

2. Dieter Schwarz

Net Worth: $36.9 Billion

Date Of Birth: September 24, 1939

Industry: Supermarket chain, Retail Sales

Dieter Schwarz was born on the 24th of September 1939, making him one of a different class; a class of billionaires with years and years of business experience- not obtainable in books. Dieter Schwarz joined the Supermarket Chain Lidl & Schwarz KG which was established by his father. After his father died the responsibility of guiding the company fell on him.

He quickly expanded the business and even took it outside Germany until disagreements with his father’s partners caused him to change the structure of the business.

As the Owner of Schwarz Grouppe, he controlled the Supermarket chain Lidl, and the hypermarket chain Kaufland as Chairman and CEO. He has since stepped down from running the company on a daily basis.

He is very reclusive; there is no clear photo of him available on the internet. He controls his finances through a foundation that sets aside a part of his yearly earnings to fund education, research, and other humanitarian causes. He is blessed with two daughters.  

3.  Susanne Klatten

Net Worth: $27.7 Billion

Industry: Car Manufacture, Chemicals

Susanne Klatten is a woman of great wealth and influence. Her family has been one of those who controlled the German economy for several decades; her father was a central figure in the industrial revolution of Germany during the 40s. She owns 19.2 percent of German automaker BMW- a company that was rejuvenated by her father Herbert Werner Quandt, who saved it from going bankrupt and then transformed it into one of the world’s most recognized luxury car brands.

Susanne Klatten also owns a substantial holding in Altana AG, which is a German chemical production company also founded by her father. The company is one of the world’s largest chemical makers; with over 6,400 workers, and a recently declared revenue of about 2.225 billion euros.

4.  Stefan Quandt

Net worth: $21.6 Billion

Industry: Automobiles, Chemicals, Diversified Investments

Stefan Quandt was born on May 9, 1966. He is a German billionaire heir, engineer, and industrialist. He is the younger brother of Susanne Klatten, one of Germany’s richest persons. He was born to Herbert Quandt and Johanna Quandt in the town of Bad Homburg.

He studied at the University of Karlsruhe where he studied economics and engineering, from 1987 to 1993. He then gained some working experience by working at the Boston Consulting Group in Munich between 1993 and 1994, and then he also worked for Datacard Group of Minneapolis as a marketing manager in Hong Kong between 1994 and 1996.

When his father died in 1982 he inherited 17.4% of BMW, which his father saved from bankruptcy in 1959, and turned around into one of the major car brands in the world. He has made further investments in the company; making him the Deputy Chairman of the company’s Advisory Board.

He also inherited substantial holdings in other companies including 76.8% of CEAG (the company makes phone chargers), 87.6% of Logwin AG (the company does freight lifting and forwarding),   100% of Biologische Heilmittel Heel GmbH (the company makes medicine) and 100% of CeDo Household Products (the company makes plastic and aluminum products).

Stefan Quandt runs his business through a holding company; Delton AG.

5.  Klaus-Michael Kühne

Net Worth: $20.5 Billion

Date Of Birth: June 2, 1937

Industry: Shipping

Klaus Michael Kuehne is a German billionaire businessman born on the 2nd of June 1937. Klaus-Michael Kühne is the honorary chairman and majority owner (with more than half) of the international transport company Kühne and Nagel, which was co-founded by his grandfather, August Kühne.

If one ship is worth millions, then Klaus Michael Kuehne, with several ships, is rightly a billionaire. The company Kuehne + Nagel International AG was founded in 1890 and does sea freight and air freight forwarding, contract logistics, and overland movement of goods. The company has more than 1,336 offices in 109 countries and employs about 82,000 people.

After his grandfather, the company was also run by his father Alfred Kühne.  Klaus Michael Kuehne, one of the richest people in Germany became CEO of the company in 1996, and he is also Honorary Chairman of the company with 53.3% of the company’s stocks.

6. Theodore Albrecht Jr

Net Worth: $18.7 Billion

Date Of Birth: 1950

Industry: Supermarket, Retail

Theodor “Theo” Albrecht Jr. is a German billionaire businessman. He is related to the Siblings Beate Heister & Karl Albrecht Jr., who jointly occupy the top spot on this list. His father Theodore Albrecht was the other brother who co-founded the Aldi Supermarket Chain with his brother Karl.

When the company was broken into two, his father continued to grow his half of the company Aldi Nord, with remarkable success; and he handed it over to Theodore and his brother Berthold when he died in 2010. Sadly, however, Berthold died in 2012.

Theodore Albrecht Jr.’ fortune is not only tied to the German supermarket chain Aldi Nord, but also to the US supermarket chain Trader Joe. Before his death Berthold willed his entire fortune to his brother Theodore, making him not only one of the richest men in Germany but also one of the most powerful as he single-handedly controls the retail empire.

7. Susanne Klatten

    • Net Worth: 18.5 Billion Usd
    • Industry: Car Manufacture, Chemicals
    • Date Of Birth: April 28th, 1962

Susanne Klaten is a fine embodiment of beauty, grace, and power. The 57-year-old owns 19.2 percent of German automaker BMW. Of course, BMW has been around much longer than she has, so reference must be made to the efforts of her father Herbert Werner Quandt who invested in the German automaker at the time when it was about to go bankrupt. She also has a holding in Altana AG, which is a German chemical production company also founded by her father. The company recently declared revenue of about 2.225 billion euros and has over 6,400 full-time staff. 

8. Hasso Plattner

    • Net Worth: $17.9 billion
    • Date Of Birth: January 21, 1944
    • Industry: Software

Hasso Plattner is the first self-made billionaire on this list, born on the 21st of January 1944. He is a German businessman. Hasso Plattner is a co-founder of SAP SE software company which has grown into a multinational software corporation that produces business management software applications to help business owners. He became the chairman of the supervisory board of SAP SE on May 2003. The company is publicly traded on the Euro Stock 50 stock market index and has regional offices in 180 countries.

Hasso Plattner owns the San Jose Sharks ice hockey team (of America), and he also owns the Fancourt Golf Estate which has three courses and then the CordeValle Golf Club in San Martin, California. As at the time of updating this article, Forbes reported that he has a net worth of $17.9 billion.

9. Reinhold Würth

Net Worth: $16.8 billion

Industry: Tools, Art Collection

Reinhold Würth was born on 20 April 1935. He is an iconic German businessman; one who is held up as a model of vision and hard work for the younger generation to see. At the age of 19 years old, Reinhold Würth took over his father’s little screw shop and turned it into Würth Group, which is a huge wholesaler of fasteners, screws, and screw accessories, as well as electronic and electro-mechanical components for use in furniture and construction fittings. The company employs about 83,183 people.

Reinhold Würth has also quietly been collecting some of the best art available in the world. His massive art collection contains over 18,300 pieces, and it is mostly artwork made in the late 19th century to this day. He has been collecting these artworks since the 1960s.

Reinhold Wurth has received several top awards both by the German government, and by private institutions; perhaps the most important being when he was inducted into the Hall of Fame of German Industry, and given the Ludwig Erhard medal.

10. Georg Schaeffler

Net Worth: $14.9 Billion

Industry: Auto Parts

Georg Friedrich Wilhelm Schaeffler is a German Billionaire businessman who runs an automotive parts empire. He was born in Erlangen, Germany, and has lived in different places over the course of his life. He inherited his wealth and training from his father Georg Schaeffler, who died in 1996, leaving him in charge of a vast fortune.

He owns 80 percent of INA Holding Schaeffler GmbH & Co. KG, which controls Schaeffler Group; a company that makes rolling element bearings, which are essential parts for automobiles, aerospace, and industrial uses. The company was established in 1946 by brothers Dr. Wilhelm and Georg Schaeffler.

The company now employs 83,297 people, as well as has 6 subsidiaries. Schaeffler GmbH & Co. KG posted €14.2 billion in revenue recently. Georg Friedrich Wilhelm Schaeffler is going to even get richer; his mother owns the remaining 20% stake in the holding company which goes to him in the event of her passing.

11. Alexander Otto

Net worth: $11.8 billion

Industry: Retail, Real Estate, Financial Services

Alexander Otto was born on 7th July 1967. He is a German billionaire businessman who inherited part of his father’s retail company. He joined the family business in 1994, and helped grow it, and diversify it; making it one of the biggest e-commerce companies in the world. The company is ECE Group, and Alexander Otto is the majority owner of the company.

The company has also diversified into real estate, although they basically develop commercial properties; including shopping malls and office spaces. Alexander Otto was educated in America; he attended Harvard College and Harvard Business School.

12. Udo And Harald Tschira 

    • Net Worth: $11.3 Billion Usd
    • Industry: Software 

Udo and Harald Tchira are sons of the Late Klaus Tschira who was a co-founder of the German multinational software company SAP. Their father was friends with Hasso Plattner and Dietmar Hopp, and worked with them at IBM, before leaving to set up their own company SAP. The two boys have a joint net worth of over $12 billion USD. They carry on the philanthropic activities of their father giving grants and such monies to aid the study of natural sciences, mathematics, and computers. 

13. Thomas Strüngmann

Net worth: $11.0 billion

Industry: Pharmaceuticals

Thomas Strüngmann was born in 1950. He is one of the biggest names in the pharmaceutical business at the moment. He founded generic drug maker Hexal AG in 1986 and sold it in 2005 with his brother Andreas. He has earned a huge fortune in the pharmaceutical industry; he and his brother made $8B from their stake in BioNTech SE, the German company that made the Pfizer Covid vaccine.

The Strüngmann brothers own the world’s largest healthcare fortune, and they own the rights to research that could translate into several more billions of dollars.

13.  Andreas Strüngmann

Net worth: $11.0 billion

Industry: Pharmaceuticals

Andreas Strüngmann was born in 1950. He is the other Strungmann brother, who has built the largest healthcare fortune in the world. He co-founded the generic drug maker Hexal AG in 1986, and after making a huge fortune from the business they sold it in 2005. He has several other healthcare-related businesses and has research data that could go for several hundred million.

He has a few residences in Tegernsee and South Africa. He is part of the decision-making board at Novartis; the company that bought their drug company. He is blessed with two children.

15. August von Finck, Jr.

Net Worth: $8.6 Billion

Date Of Birth: March 11, 1930

August von Finck Jr. Was born in 1930. He is the son of August von Finck Sr. Although a German citizen, August von Finck resides in Switzerland. He is the 9th richest person in Germany. He is married with four children and lives in Thurgau, Switzerland. His eldest son is August François von Finck. According to Forbes, he had a net worth of $8.6 billion.

15. Michael Otto

Net Worth: $8.6 Billion

Date Of Birth: April 12, 1943

Michael Otto was born on the 12th of April 1943, in Chełmno in Germany. He is the head of the German Otto Group. With sales of $24 billion in the fiscal year of 2013, The Otto Group is regarded as the world’s largest mail-order company. As a result of the rise in internet sales, Otto Group has been able to maintain its status as the Web’s biggest retailer second only to Amazon.com. Michael Otto with a net worth of $8.6 billion in the list of richest men in Germany.

17. Georg Schaeffler

Net Worth: $7.5 Billion

Date Of Birth: October 19, 1964

Industry: Auto Parts

Georg Schaeffler In German Billionaires List

Georg Friedrich Wilhelm Schaeffler born in Erlangen is a German billionaire businessman who specializes in making parts for vehicles. Georg Schaeffler studied business and economics at the University of St. Gallen, Switzerland from 1986 to 1990. After graduating in 1990, he started working within the Schaeffler Group in 1996. Georg Schaeffler later received a law degree and masters from Duke University, he then began to practice international business law in Dallas. He reached the ranks of lieutenant after serving in the German armed forces for two years in the air force reserves.

owns the holding company INA holdings, through which he controls Schaeffler AG. His fortune was inherited from his father Georg Schaeffler, who died in 1996, leaving him in charge of a vast fortune. Georg Schaffler Jr. sits at the head of the supervisory board of Schaeffler Group, and his fortune is estimated to be over $7.5 billion according to Wikipedia. He and his mother’s (Maria-Elisabeth Schaeffler) combined wealth is estimated to be US$7.5 billion.

18. Dietmar Hopp And Kin

Net Worth: $7.31 Billion

Date Of Birth: April 26, 1940

Industry: Software

Dietmar Hopp was born on the 26th of April 1940. Dietmar Hopp is a German billionaire software entrepreneur and marketer. In 1972, Dietmar Hopp co-founded SAP AG with other former IBM employees, Hans Werner Hector, Claus Wellenreuther, Hasso Plattner, and Klaus Tschira. He retains about 10% of SAP SE shares, and is now a venture capitalist, investing in small software projects and giving some of the proceeds to charity.

Dietmar Hopp is the chief financier of TSG 1899 Hoffenheim Football Club of Germany. He has a net worth of $7.31 billion, which made him the seventh richest man in Germany.

Closing On The Wealthiest Men In Germany

Germany has the third-largest number of billionaires in the world, only coming behind America and China. They are very good at industry and building vast commercial empires for their unborn children to inherit. Germany is a good case study for any individual, institution, or people that wish to study money because they have become a prosperous society with over 114 USD billionaires. As a matter of fact, the eleven richest Germans are worth more than $200 billion USD, which is more than enough to start a fresh economy in a blank new country. How have the Germans managed this? By concentrating on and developing a few key sectors of their economy for which they have now become world-famous and the go-to people for anyone looking to develop those key industries. What are we talking about? 

In case you failed to notice, most of the people on the billionaires’ list in Germany are in the Software and Auto making business. From carmakers to brakes and air-condition makers the German auto industry is booming. Then there are the retail supermarket chain owners and the self-made software makers who also make software to help business owners monitor their commercial vehicles! Germany holds its financial success in the auto industry.

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Finally

The richest men in Germany have largely inherited their wealth and position from their parents and grandparents; showing that Germans have perfected the art of preserving wealth.

Nevertheless, they have all managed to grow their wealth by making bold business moves, and by diversifying their business interests so as not to be vulnerable to shocks that can tend to occur in specific sectors.

We have tried to keep this post as accurate as possible however if you notice any issues with the above list, feel free to contact us or comment through the comments section and we will gladly make corrections to it.

Reference: Forbes.com, Wikipedia