Germany is a wealthy nation. Of the Forbes list of the world’s 500 richest people, 44 carry German passports.
In 2015, the number of millionaires in the country grew by five percent to 1.2 million people, a number surpassed only by the United States and Japan, according to the consulting firm Cap Gemini.
About 20 kilometers south of the financial center Frankfurt, in the small town of Bad Homburg, 450 family offices manage the fortunes of some of Germany’s wealthiest names. They include the Quandt family, who have amassed a fortune in the billions.