123 Billionaires Across Germany But None In Five German States
LONDON, July 7, 2015 /PRNewswire/ -- Germany is home to 123 billionaires with a combined net worth of €368 billion (US$413 billion), but there are no individuals from this top wealth tier located in five of the country's 16 states, according to Wealth-X research released today.
These states are: Brandenburg, in the eastern part of the country; Mecklenburg-Vorpommern, in northern Germany; the landlocked states of Saxony, Saxony-Anhalt; and Thuringia in central Germany.
Below is a breakdown of billionaires in the different German states:
| German State |
Billionaires |
Population % |
Billionaire Net Worth US$ billions |
Billionaire Net Worth € billions |
Wealth % |
|
| North Rhine-Westphalia |
30 |
24.4% |
108 |
96 |
26.2% |
|
| Bavaria |
27 |
22.0% |
88 |
78 |
21.3% |
|
| Baden-Wuerttemberg |
25 |
20.3% |
98 |
87 |
23.7% |
|
| Hamburg |
16 |
13.0% |
50 |
45 |
12.1% |
|
| Rhineland-Palatinate |
8 |
6.5% |
12 |
11 |
2.9% |
|
| Hesse |
6 |
4.9% |
22 |
20 |
5.3% |
|
| Lower Saxony |
5 |
4.1% |
19 |
17 |
4.6% |
|
| Berlin |
2 |
1.6% |
8 |
7.1 |
1.9% |
|
| Schleswig-Holstein |
2 |
1.6% |
4 |
3.6 |
1.0% |
|
| Bremen |
1 |
0.8% |
2 |
1.8 |
0.5% |
|
| Saarland |
1 |
0.8% |
2 |
1.8 |
0.5% |
|
| Total |
123 |
100.0% |
413 |
368 |
100.0% |
The Wealth-X research also shows that despite having the third smallest general population in Germany, Hamburg ranks fourth in terms of the size of its billionaire population, with 16 individuals. In contrast, Lower Saxony has only five billionaires despite its population of eight million individuals.
Alex Story, Head of Business Development, Germany & Austria, commented: "Wealth is spread out across Germany with a few concentration points such as Cologne, Hamburg and Munich. Although German brands dominate the world like the Colossus did Rhodes harbour, German wealth is local and broadly German, as opposed to the United Kingdom where more than half the ultra wealthy are foreign. What is also interesting is that the divide between East and West is stark. With the exception of Berlin, there are no billionaires in the East."
For more key findings, download Wealth-X's Germany Billionaire Fact File
About Wealth-X
Wealth-X is the global authority on wealth intelligence, providing sales, marketing, strategy and compliance solutions to clients in the financial services, luxury, not-for-profit and education sectors. Its award-winning research and thought leadership are regularly cited by the world's media such as CNBC, Financial Times, Thomson Reuters and BBC. Wealth-X has more than 250 staff in 10 locations, including Singapore, London and New York.
SOURCE Wealth-X
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