Top Ten Richest Germans 2019
Who is the richest person in Germany?
Germany is known to be a Neidgesellschaft ( = envious society). Whoever succeeds is repelled by disgrace and making money or showing it off to others by driving an expensive car or living in a huge house is considered as indecent. Many Germans like to call themselves “middle class” rather than “upper class”. Probably one of the reasons, why official pictures and personal information of the richest Germans in 2019 are hard to find. Who are the richest Germans in 2019 and their estimated assets?
Beate Heister and Karl Albrecht Jr.
Estimated assets: 36,1 billion USD.
Beate Heister and Karl Albrecht Jr. are the children of Karl Albrecht, founder of the German supermarket chain Aldi Süd ( = Aldi south) and the richest Germans in 2019. Beate Heister is one of the chairmen of the Siepmann foundation, which is a nondissolvable foundation for the administration of the assets of the trading company Aldi Süd. Karl Albrecht sr. died in 2014. Beate Heister is married and has six children. Her brother Karl Albrecht Jr. is unmarried.
Estimated assets: 22,6 billion USD.
Dieter Schwarz is founder and owner of the Schwarz-Gruppe ( = Schwarz group), which includes the supermarket chains Kaufland and Lidl. Today, the famous Lidl discount supermarket chain is represented by more than 10.000 branches in 28 countries. With his retirement from the company’s management in 1999, Dieter Schwarz transferred his shares to the non-profit Dieter-Schwarz-Stiftung ( = Dieter Schwarz foundation), whose purpose is the promotion of science, research, art, and culture. He is married and has two children.
Estimated assets: 21 billion USD.
Susanne Klatten is the sister of Stefan Quandt. Both are part of a well-known German industrial family. Her father Herbert Quandt, who died in 1982, inherited his assets to his two children from his third marriage with Johanna Quandt. At that time, Susanne Klatten was only 20 years old. Together with her brother Stefan Quandt, she is holding half the shares of BMW. Today, she is the richest woman in Germany. Together with her husband Jan Klatten and their three children, the studied business economist is living in Munich.
Estimated assets: 17,5 billion USD.
Stefan Quandt is the brother of Susanne Klatten. His wealth largely goes back to his grandfather Günther Quandt and his father Herbert Quandt’s assets. Amongst other things, the studied industrial engineer is deputy chairman of the supervisory board of BMW AG. He is holding one-quarter of the shares of BMW. The German billionaire is married and has two children.
Theo Albrecht Jr.
Estimated assets: 17,4 billion USD.
Theo Albrecht Jr. is the son of Theo Albrecht, one of the founders of the supermarket chain Aldi. The two brothers, who have been part of any richest Germans list in the last years, decided in 1961 to go separate ways. That’s when Theo Albrecht took over Aldi Nord ( = Aldi north) for the northern part of Germany and Karl Albrecht Aldi Süd ( = Aldi south) for the southern part of Germany. Theo Albrecht Jr. is a member of the board of directors since 1982 and the deputy chairman of the non-dissolvable Markus Foundation, which manages the assets of Aldi Nord and the US food retail chain Trader Joe’s. The fifth richest German in 2019 is married and has one daughter.
Heinz Hermann Thiele
Estimated assets: 13,6 billion USD.
Heinz Hermann Thiele is the owner of Knorr-Bremse AG ( = Knorr brakes plc), one of the world’s leading manufacturers of brake systems for rail and commercial vehicles. He started working in the company as a patent attorney in 1969 and became a member of the executive board in 1985. Today, he is the chairman of the supervisory board of Knorr-Bremse as well as Vossloh. Knorr-Bremse is the worldwide leading manufacturer of rail and commercial vehicles. Heinz Hermann Thiele is married and has two children.
Estimated assets: 13,5 billion USD.
German billionaire Hasso Plattner is one of five founders of the software company SAP. The studied news technician resigned as the chairman of the board in 2003 and founded the Hasso Plattner Institut für Softwaresystemtechnik ( = Hasso Plattner Institute for software systems technology). He is considered as one of the most important private sponsors in the field of science in Germany. Plattner is married and has two children.
Estimated assets: 13,4 billion USD.
Dietmar Hopp was one of the founding members of the IT enterprise SAP. He is also patron of the professional football club TSG 1899 Hoffenheim.
Georg F. W. Schaeffler
Estimated assets: 13,4 billion USD.
Georg Friedrich Wilhelm Schaeffler is the son of Georg Schaeffler, who developed the needle cage for needle bearings in 1949 from which arose the Schaeffler Group, a mechanical engineering group and supplier to the automotive industry with more than 85.000 employees worldwide. In 2014, his son Georg Friedrich Wilhelm Schaeffler, a graduated tradesman and lawyer, was holding 80 % and his mother and widow of Schaeffler sr., Maria-Elisabeth Schaufler, was holding 20 % shares of the group. The second richest German in 2019, Schaeffler, is divorced and has four children. His estimated assets in 2018 (25,3 billion USD) were almost double the amount of 2019.
Estimated assets: 12,9 billion USD.
Klaus-Michael Kühne is a member of the board of directors, majority shareholder and the largest individual shareholder of the international logistics service provider Kuehne + Nagel. Together with his parents, he is also the founder of the Kühne Foundation and shareholder of the HSV Fußball AG ( = HSV soccer plc). He is the richest German forwarder. Klaus-Michael Kühne is married.