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Sunday, July 27, 2014

Inequality in Germany

The richest 1% have personal wealth of just short of one million euros on average, a quarter of adult Germans have no wealth or even owe money. 

Susanne Klatten, the daughter of the industrialist Herbert Quandt, the man who made BMW the luxury-car colossus it is today, was left 12.5 % of BMW. With her other business interests, she is the 44th richest person in the world.

Dieter Schwarz, the head of the rival Lidl supermarket chain,  may be the 25th richest man on the planet. 

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