It all started with a chat group. A few days later the first video conference took place. Fourteen young millionaire heirs from Germany, Austria and Switzerland founded a group in which they have been exchanging views on privilege and responsibility for a month.
The actual goal is to initiate social change, explains Stefanie Bremer, one of the founding members. The millionaire heiress has a different name. The pseudonym enables her to get involved without having to involve her family.
“In Germany, rich people who have been able to build up fortunes on their own are adored,” says the heiress. “But talking about money and the responsibility that goes with it is taboo.” The group wants to change that and take on more social responsibility, possibly with specific donation projects.
You won’t find anything on the net about the practice group for the DACH area of the young wealthy. First, the members want to coordinate a common timetable in a protected area. But the goal is not to become a pure wealthy club – the heirs want to exchange ideas with as diverse as possible partners from different life situations.
The main theme: Global injustice and how wealthy young people can change it. The idea comes from the Resource Generation in the USA, an initiative that brings rich young people under the age of 35 together and seeks ways for a fairer distribution of wealth.
The new German billionaires
As heirs, the German-speaking practice group also unites the image of the young, super-rich who never had to work for their assets. In fact, Germans are over-represented among the hundred youngest billionaires on the Forbes list, but there is not a single German self-made billionaire. It might have stayed that way if the search for the corona vaccine hadn’t driven up the share value of biotech companies. The scientists and co-founders Ugur Sahin and Özlem Türeci have been the first self-made billionaires in Germany for years.
Most young German billionaires, on the other hand, are the heirs of family businesses such as Burda, Braun or Dräxlmaier. The names make the Forbes list featured on their annual Billionaires List. Most successors continue to cultivate the image of the withdrawn super-rich who live far away from the public.
You may know the musician and producer Lisa Fou, the 28-year-old who prefers to wear sweatpants and sneakers and – if you believe the social networks – spends most of the time in the music studio. Lisa Fou is the stage name of Elisabeth Furtwängler (yes, that is the daughter of Tatort commissioner Maria Furtwängler) and owns more than a third of the Burda Media Group (including “Focus”, “Bunte”). The business magazine Forbes estimates her fortune at around 1.2 billion euros, making her sixth among the youngest billionaires worldwide.