2024-10-01 23:55:09
Business
Companies
Economy

Dieter Schwarz Tops Germany's Wealth List

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Dieter Schwarz, the founder of Lidl and Kaufland, has been named the richest person in Germany with a fortune of 43.7 billion euros. He has overtaken the BMW major shareholders Susanne Klatten and Stefan Quandt, who now hold the second position. The Merck family, majority owners of the pharmaceutical and chemical conglomerate, ranks third with 33.8 billion euros.

The combined wealth of Germany's top 500 richest individuals has increased by 53 billion euros, bringing the total to 1.1 trillion euros. This growth coincides with a 28% rise in the DAX 40 index. A new record has been set with 249 billionaires, the highest number since the list's inception in 2001.

The valuations are conservative, based on closing equity prices for listed companies and on sales, profitability, and market position for unlisted firms. Notable families such as the Albrechts and Heisters of Aldi have significant assets in foundations. Rising food prices and inflation have contributed to the increase in Schwarz's wealth.

Other prominent families in the top ten include the Reimanns, Kühnes, and Porsches. The Albrecht family of Aldi Süd and Theo Albrecht Jr. of Aldi Nord and Trader Joe's also feature prominently. The Reichenliste highlights the robust and growing financial landscape of Germany's wealthiest individuals.

DER SPIEGEL
1. Oktober 2024 um 13:29

manager-magazin-Reichenliste: Lidl founder Dieter Schwarz is the richest German - DER SPIEGEL

Economy
Finance
manager-magazin-Reichenliste: Lidl founder Dieter Schwarz is the richest German - DER SPIEGEL
Dieter Schwarz, the founder of Lidl, is the richest German with 43.7 billion euros. He has pushed the BMW major shareholders Susanne Klatten and Stefan Quandt into second place. The Merck family, the majority owner of the pharmaceutical and chemical group, ranks third with 33.8 billion euros. The book assets of the top 500 increased by 53 billion euros, while the Dax 40 gained 28%. In total, there are 249 billionaires in Germany, a new record. The assets are conservatively valued, with equity..
focus
1. Oktober 2024 um 12:39

More Billionaires Than Ever - Lidl Founder Overtakes BMW Heirs - These Are the Ten Richest Germans

Economy
Finance
More Billionaires Than Ever - Lidl Founder Overtakes BMW Heirs - These Are the Ten Richest Germans
Dieter Schwarz, founder of Lidl and Kaufland, is the richest German with an estimated fortune of 43.7 billion euros. The BMW major shareholders Susanne Klatten and Stefan Quandt follow in second place. In total, there are currently 249 billionaires in Germany.
DER SPIEGEL
1. Oktober 2024 um 13:29

The Richest Germans: Lidl Founder Dieter Schwarz is the Richest German - DER SPIEGEL

Economy
Finance
The Richest Germans: Lidl Founder Dieter Schwarz is the Richest German - DER SPIEGEL
Lidl founder Dieter Schwarz is the richest German with 43.7 billion euros, ahead of BMW major shareholders Klatten/Quandt and the Merck family. The rich list of manager magazin is based on research in archives, with asset managers, and banks. Some ultra-wealthy individuals, such as the Albrecht and Heister families (Aldi), have placed their company shares into foundations. The rising food prices fueled inflation, which increased Schwarz's wealth as the Lidl founder.
Tagesspiegel
1. Oktober 2024 um 15:46

Assets of almost 44 billion euros: Lidl founder Schwarz is again the richest German according to "Manager-Magazin"

Economy
Finance
Assets of almost 44 billion euros: Lidl founder Schwarz is again the richest German according to "Manager-Magazin"
Dieter Schwarz, founder of Lidl and Kaufland, is again the richest German with an estimated assets of almost 44 billion euros, according to "Manager-Magazin". The BMW heirs Susanne Klatten and Stefan Quandt as well as the Merck family, majority owners of the pharmaceutical and chemical group, occupy second and third place.
CW

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