Social Inequality in Germany: Number of billionaires rises to 249

Social Inequality in Germany: Number of billionaires rises to 249

Rarely has social polarisation been so tangible. While poverty is growing, at the top end of the scale the number of super-rich is on the rise. The annual ranking by Manager Magazin shows that the number of billionaires in Germany has recently risen by 23 to 249.

Manager Magazin has published a list of the 500 richest Germans and calculated that their private assets and wealth in 2023 amounted to a record €1.1 trillion, an increase of €53 billion compared to the previous year.

This sum, €1.1 trillion, is almost two-and-a-half times the federal budget for the same year. This […]

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