German billionaires reach a record 122

FRANKFURT—The number of German billionaires hit a record 122 in a poll published on Tuesday, with the founders of the discount supermarket chain Aldi solidly at the top of the list. Compiled by the German weekly Manager-Magazin, the seventh annual survey questioned the 300 wealthiest Germans and found the Albrecht brothers were still the richest of all. “Thanks to a strong economy and broadly favourable stock market trend, the richest Germans were able to post strong increases in their personal fortunes,” the magazine said. Karl and Theodor Albrecht were estimated to sit on top of 17 billion euros (23.8 billion dollars) in assets. They led the Porsche family, owner of the luxury sports car maker and a major shareholder in Volkswagen, which was believed to have a fortune worth 12.45 billion euros.—Agencies