Who are the wealthiest people in Germany? Two magazines – Manager Magazine, which is owned by the Spiegel publishing house, and Bilanz Magazine, owned by Die Welt newspaper, have both published rich lists.
The way they compile these lists, and the way they decide what to include and what to leave out, speaks volumes about Germany’s attitudes to wealth and to privacy.
Both lists are inspired by Forbes magazine in the United States that since 1987 publishes a list of the world’s richest people – “The World’s Billionaires List.”
Kerry A. Dolan and Luisa Kroll, who compile the ranking, said on the Forbes website that they calculate net worth by valuing “individuals’ assets – including stakes in public and private companies, real estate, yachts, art and cash” – and they take into account estimates of debt.