The Porsche family dropped from the list of Germany’s 10 richest people, which as in previous years is topped by Karl and Theo Albrecht, the brothers who founded discount retailer Aldi Group, Manager Magazin reported.
The Porsche clan lost 11 billion euros ($16 billion), or 71 percent of its wealth, as part of an attempt to take over Volkswagen AG, the German magazine said in its latest survey on the 300 richest Germans today. The Porsches, with an estimated fortune of 4.5 billion euros, dropped to 13th from No. 3.
Karl Albrecht is the wealthiest man in Germany with an estimated fortune of 17.35 billion euros, followed by his late brother Theo with 16.75 billion euros, according to the list,Theo Albrecht, died in July 2010 at age 88. In total, the fortune of the 100 wealthiest Germans declined by 12 percent to 285.6 billion euros over the past year, Manager Magazin said.
Manager Magazin’s 2011 Top-10 Richest Germans:
Net worth: €17.35 billion ,Source: Aldi Group
2. Theo Albrecht
Net worth: € 16.75 billion ,Source: Aldi Group
Net worth: €10.0 billion ,Source: Schwarz Group
4.Michael Otto & family
Net worth: €8.15 billion ,Source: Otto Group
5. Reimann Family
Net worth: €7.15 billion ,Source: Joh. A. Benckiser SE
6. Susanne Klatten
Net worth: €7.00 billion ,Source: BMW AG, Altana AG
7. Reinhold Wuerth Family
Net worth: €6.8 billion ,Source: Wuerth Group
8. Oetker Family
Net worth: €6.35 billion ,Source: Oetker Group
9. Guenter and Daniela Herz
Net worth: €6.0 billion ,Source: Mayfair-Holding
Net worth: €5.1 billion ,Source: B. Braun Melsungen
Source: Manager Magazin Rich List