3. Germany: 103 Billionaires
Germany is on the top 5 of world’s largest economy (official rank: 4th) with a massive GDP nominal of $3.371 trillion. What makes Germany so rich?
Germany is blessed with high level of innovation, high skilled human resources, large capital stock, and low level of corruption. 71% of the country’s GDP comes from service sector, including information technology.
Rich country, rich people. There 103 billionaires in Germany. On top of the list is Beate Heister & Karl Albrecht Jr. They are the children of Karl Albrecht Sr. He owned Aldi, a supermarket chain based on no-frills and low price strategy.
The two Karl Albrecht’s children possess $25.9 billion of net worth. This put them as the world’s 21st richest.
