Mark Mateschitz: New billionaire king trumps Porsche clan!

Mark Mateschitz: New billionaire king trumps Porsche clan!

Mark Mateschitz will be the richest Austrian in 2025 with an estimated fortune of 37 billion euros. In doing so, he displaces the prominent Porsche and Piëch families, who now rank in second place with assets of 33.5 billion euros. Georg Stumpf follows in third place with 8.8 billion euros and recently took over the luxury department store project “Lamarr” in Vienna from the Signa insolvency.

In fourth place is Johann Graf, the founder of Novomatic. His fortune is estimated at 6.8 billion euros. Helmut Sohmen and his family are in fifth place with around 6 billion euros (BW Group). The Wlaschek family, known for real estate investments and the Billa sale, is in sixth place with 5.7 billion euros. Reinold Geiger, the boss of L’Occitane, has 4.4 billion euros and is in seventh place, while the Lehner family (Alpla) is in eighth place with 4 billion euros. The list of the richest Austrians is rounded off by the Swarovski family (3.9 billion euros) and Ingrid Flick, the richest Austrian with 3.8 billion euros. leadersnet reports.

Wealth through inheritance

A significant feature of Austrian billionaires is that many of them received their wealth through inheritance. Loud 5min The wealth of the richest individual in Austria comes from an inheritance. If you look at the total inheritance volume in Austria, it is predicted that it could double in the next 25 years to a total of 800 billion euros, which corresponds to around 22 times Mark Mateschitz's assets.

The statistics also show that seven of the ten richest families in Austria acquired their wealth through inheritance. This underlines the role of inheritances and foundations in Austrian prosperity. What is particularly striking is that each of the top 10 billionaires owns more wealth than all 650,000 debt-free households in the bottom fifth of wealth combined. Further data shows that the third richest Austrian has more wealth than 410,000 lower middle class households. These enormous differences in wealth raise questions about income distribution and the tax framework.

Taxes and wealth inequality

In this context, the discussion about wealth-related taxes is becoming increasingly louder. The majority of tax revenue in Austria comes from work and consumption. Currently only 4 euros come from wealth-related taxes. In comparison, Austria is in fourth-to-last place in the OECD ranking for these taxes. The EU average is about three times higher than the Austrian one. Around two thirds of the population are in favor of an increase in wealth-related taxes, which could potentially bring between 6.7 and 28 billion euros into the state coffers. These considerations are further fueled by the large number of billionaires in Austria, whose wealth remains constant over the years. How Fortune Magazine As noted, many of the richest Austrians are not publicly known, but their assets are considerable and have often grown over the years.