A new chance of wealth for Germany: BMW’s successor is stripped of power |  money

A new chance of wealth for Germany: BMW’s successor is stripped of power | money

A new chance of wealth for Germany |

BMW’s successor is stripped of power

Every year there is a ranking of the richest Germans – this year there is a change in the top position!

BMW successors Susanne Klatten and Stefan Quandt were knocked out of first place. The new richest German? Lidl founder Dieter Schwarz!

► “Manager Magazin” estimates the fortune of the 83-year-old in its current list of the 500 richest people in the country at 36 billion euros.

Lidl founder Schwarz recently managed to significantly increase the sales of his supermarket chains Lidl and Kaufland. The entrepreneur has also invested in other sectors such as recycling or making food or paper.

Major shareholders of BMW only in third place

︎ According to the new ranking, the main shareholders of BMW Susanne Klatten and Stefan Quandt together come to 33.3 billion euros and are only in third place.

Like the entire automotive industry, BMW has recently had to face problems such as a lack of equipment and the challenges of switching to alternative drive technology.

According to “Manager Magazin”, the group still paid major shareholders Klatten and Quandt a total dividend of 1.6 billion euros in 2021.

► The Reimann family, which owns shares in several consumer goods manufacturers, rose to second place among the wealthiest with 34 billion euros.

In 2019 and 2020 he headed the magazine’s column. Through JAB Holding, the family owns shares in brands such as Calvin Klein or Gucci and the beverage company Keurig Dr. Pepper, which also owns brands like Schweppes and 7 Up.

According to the newspaper, the ten richest Germans include the Merck family (pharmaceutical), the Albrecht and Heister family (Aldi Süd), the Porsche family, and Andreas and Thomas Strüngmann, investors in Biontech.

The wealth of the richest Germans has declined

Overall, according to the magazine, the wealth of the richest Germans has fallen by 7.6 percent to 667.3 billion euros over the past twelve months.

︎ “This is due to many conflicts, fueled by the consequences of Russia’s attack on Ukraine, the disruption of supply chains due to the corona epidemic, the significant increase in the price of energy and raw materials, the rise in interest rates and inflation ,” it says.

However, the newspaper emphasized that the wealthy have fared well compared to the market value of Germany’s largest companies: the German stock index of the 40 largest listed companies has fallen by 17 percent over the period.

Once a year, Manager Magazine estimates the fortunes of the country’s most important entrepreneurs and entrepreneurial families. Accordingly, there are currently 212 billionaires or families with the equivalent absolute wealth in Germany. In 2001 there were still 69 billionaires.

(afp, yes)

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