Discount supermarket tycoons dominate Germany's 'rich list'

12th October 2010, Comments 0 comments

The founder of bargain basement supermarket chain Aldi, Karl Albrecht, topped a list of Germany's super-rich published Tuesday, with assets valued at 17.1 billion euros (23.6 billion dollars).

The reclusive 90-year-old tycoon was followed in the list of Germany's 500 richest people by the heirs to the fortune of his brother, Theo, who died earlier this year aged 88.

And proving that the discount supermarket business is nothing if not lucrative, third place was taken up by Dieter Schwartz, head of Aldi rival Lidl, who has amassed 10.5 billion euros.

The number of billionaires in Germany, Europe's top economy, rose to 103 from 99 last year, according to the survey, published in Manager Magazin.

Combined, the top 100 richest people in Germany saw their fortunes rise by 0.6 percent over the year, to 287.35 billion euros.

© 2010 AFP

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