The wealth of the super-rich in Austria is at the same level as last year at 210 billion euros. Mark Mateschitz, with 35.8 billion, is just behind the Porsche and Piech families.
Vienna (OTS) – In its current issue of July 12, 2024, the business magazine trend published its traditional ranking of “The 100 Richest Austrians” for 2024. The Porsche and Piech families continue to lead the ranking, but only just ahead of Red Bull heir Mark Mateschitz. The car dynasty’s assets, most of which have been invested in foundations, have fallen to 36.5 billion euros due to losses on the stock exchanges. Mark Mateschitz made another leap, primarily due to Red Bull’s sales and profit growth, and is close at 35.8 billion. He alone owns almost as much as the members of the Porsche and Piech families combined.
According to the trend, number 3 has also increased significantly. The former Viennese building contractor Georg Stumpf (including the Millennium Tower) now has 8.6 billion euros. The investor’s largest holding is the German industrial group exyte with 7.1 billion euros in sales and almost 10,000 employees. The plant engineering company is successful worldwide with the construction of chip and battery factories and aims to achieve sales of ten billion by 2027.
For the first time, Reinold Geiger, the majority owner of cosmetics chain L’Occitane, is among the top 10 of the trend rankings this year (4.1 billion euros).
For the first time, over 50 billionaires were counted in Austria. In total, however, the estimated wealth of the 100 richest Austrians and their families has not increased in the past twelve months and is at the same level as last year at around 210 billion euros. The main reason: after 2022 was often closed with record profits and sales, the figures have sometimes deteriorated significantly since then. As a result, the company values determined by trend, which almost always make up the majority of assets, were often noticeably lower than the values in the previous year on the reporting date. The exit of Signa founder René Benko alone resulted in around five billion euros being lost.
The development of the real estate market, which is important for the well-off, was also poor by international comparison. Only returns on financial investments increased by an average of nine percent.
According to the trend estimate, the 100 richest families own a good eleven percent of the 1.884 billion net assets of all 4.2 million domestic households.
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