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.
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.
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?
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.
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.
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 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.
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).
Former Finance Minister Peer Steinbrück condemned the “excesses” of Germany’s privileged classes on Friday, blaming tax dodgers for helping to perpetuate social problems.
Germany's 20 wealthiest families have lost about €40 billion in the economic crisis in share values alone, the financial magazine <i>WirtschaftsWoche</i> reported in its latest edition.
