Germany is the Economic Capital of Europe, and since the exit of Britain from the European Union the key area from which economic data is harvested in order to calculate economic metrics and make investment decisions in Europe. In this post, we have compiled an excellent list of the Richest Men in Germany. This list comprises of top 10 German Billionaires’ brief description of each their business plus an intro into how they got such huge amounts of money. We have also included the net worth of each of the Richest Men as put out by Forbes to help you get a better idea of how much the German billionaires are worth personally.
Germany seems to have learned very well the art of preserving wealth and running big business ventures. This did not happen by some random accident, rather by the efforts of some key individuals who have invested their fortunes in key areas of industry, thus providing the momentum upon which other small investors ride to financial gains. Who then are these captains of industry whose wealth powers the nation? That is what this post is designed to find out.
Join us as we now beam our searchlight to learn about the Top 10 Richest Men in Germany, and what we can learn from their stories.
Top 10 Richest Men In Germany 2020
1. Beate Heister & Karl Albrecht
- Net Worth: $34.3 Billion Usd
- Industry: Supermarket chain, Retail sales
Karl Albrecht Jr and Beate Heister are two siblings that stand united, and jointly occupy the number 1 position on the billionaire’s chart in Germany. They inherited the biggest supermarket chain in Germany Aldi from their father Karl Albrecht. Beate, her husband, and son all sit on the advisory board of the company that is headed by Karl Albrecht Jr. The notoriously reclusive woman who does not grant interviews has groomed her son Peter Max Heister to take over the reins of the family fortune soon, and he has 5 siblings. Beate and Karl control the family trust, which in turn controls the family fortune. Aldi is a financial giant with 10,000 stores in 20 countries, and a turnover in excess of 50 Billion Euros.
2. Dieter Schwarz
- Net Worth: $28.4 Billion
- Date Of Birth: September 24, 1939
- Industry: Supermarket chain, Retail Sales
Dieter Schwarz was born on the 24th of September 1939. Dieter Schwarz is a German billionaire businessman with years of experience to speak of. Now 80 years old, he sits at the number 2 spot the list of richest men in Germany with a fortune in excess of $28.4 Billion USD.
He is the Owner of Schwarz Grouppe which is the holding company with which he controls the Supermarket chain Lidl, and the hypermarket chain Kaufland, both of which he is the chairman and CEO. Dieter Schwarz took control of the Schwarz & Lidl discount chain in 1977 after the death of his father, Joseph Schwarz. It is said that Dieter Schwarz is also extremely reclusive and that only two photographs of him exist in the world. 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. Klaus-Michael Kühne
- Net Worth: $20.5 Billion
- Date Of Birth: June 2, 1937
- Industry: Shipping
Klaus Michael Kuehne is a German billionaire businessman born on the 2nd of June 1937. Klaus-Michael Kühne is the honorary chairman and majority owner (with more than half) of the international transport company Kühne and Nagel, which was co-founded by his grandfather, August Kühne. Klaus-Michael joined his late father Alfred Kühne as a junior partner in 1963 and has lived in Switzerland since 1975, in the city Schindellegi, the location of the Kühne + Nagel headquarters. Kühne’s net worth currently according to Forbes is US$ 20.5 billion and he owns 53% of the company. He is the third richest person in Germany.
4. Theodore Albrecht Jr
- Net Worth: $18.7 Billion
- Date Of Birth: 1950
Theodor “Theo” Albrecht Jr. a German billionaire businessman and the head of the Albrecht family is currently the fourth richest man in Germany. His father Theodore Albrecht co-founded the Aldi supermarket chain with Karl Albrecht (whose children occupy the number one spot on this list).
Theodore and his brother Berthold became the owners of the German supermarket chain Aldi Nord and US supermarket chain Traders after the death of their father Theo Albrecht In 2010, but Berthold, his brother died in 2012. Theo Albrecht Jr. Who is the sole heir of his brother Berthold, inherited the fortune, which originally grew from a corner grocery store opened back in 1913.
5. 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.
6. Dietmar Hopp And Kin
- Net Worth: $14.2 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 $14.2 billion, which made him the seventh richest man in Germany.
7. Stefan Quandt
- Net Worth: $13.6 Billion
- Date Of Birth: May 9, 1966
- Industry: Car Manufacture, Chemicals
Stefan Quandt is the younger brother of Susanne Klaten listed above, he was born on the 9th of May 1966 in Bad Homburg in Germany. He is a German billionaire heir, engineer, and industrialist. His parents are Herbert Quandt and Johanna Quandt.
Stefan Quandt owns 23.7% of BMW, and that makes him the single most powerful shareholder in the German automaker. He continues to drive forward the legacy of his father Herbert Werner Quandt, through the use of his engineering skills and training in business. He studied engineering at the University of R Karlsruhe from 1987 to 1993. He is worth an estimated $13.6 billion USD and is blessed with two children.
8. Hasso Plattner
- Net Worth: $13.5 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 $13.5 billion.
9. Heinz Hermann Thiele And Kin
- Net worth: $13.5 Billion
- Industry: Auto Parts
Heinz Hermann Thiele is a German billionaire businessman with ties to the auto industry. He is the chairman of Knorr Bremse which produces braking components for commercial vehicles and trains. The company also produces air-conditioning systems and other things. The company has over 27,000 people in its workforce and has operated for over 115 years. The company’s revenue is over 6.25 billion euros, and it is a publicly-traded company.
10. Udo And Harald Tschira
- Net Worth: $12.3 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.
11. Georg Schaeffler
- Net Worth: $8.2 Billion
- Date Of Birth: October 19, 1964
- Industry: Auto Parts
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 till 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 $8.2 billion according to Forbes. Schaeffler was ranked 21 on Forbes’ list of global billionaires. He and his mother’s (Maria-Elisabeth Schaeffler) combined wealth is estimated to be US$8.2 billion.
12. August von Finck, Jr.
- Net Worth: $7.6 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 $7.6 billion.
13. Michael Otto
- Net Worth: $3.3 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 $3.3 billion in the list of richest men in Germany.
Closing On The Richest 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 by the year 2020. As a matter of fact, the eleven richest Germans are worth more than $200 billion USD, which is more than enough to start afresh economy in a blank new country. How have the Germans managed this? By concentrating 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 to the auto industry.
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.
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