Germany: Country's richest own around a third of all private assets in Germany

#TOIDW Germany’s super-rich is even richer than it was thought by at least 500 billion euros.According to new research by the Hans Buckler Foundation Germany’s super-rich list is incomplete and unpublished because the wealth of some rich families is undisclosed. The study says most of their wealth comes from owning big companies which are based in West Germany. Half of them are still family-run, mostly by men. The data also shows that the country’s richest own around a third of all private assets in Germany, such as real estate. The German finance ministry is now investigating the allegations.