Tycoons Karl and Theo Albrecht's families are the richest people of Germany, a report said Tuesday.
A survey by Manager Magazin put Karl Albrecht, 87, and his immediate family's net worth at EUR17.5 billion (US$24.7 billion). That was just slightly ahead of brother Theo Albrecht, 85, and his family who were estimated to be worth EUR17 billion (US$24 billion).
The Porsche family, whose famous luxury cars bear the family name, came in third with a net worth of EUR12.45 billion (US$17.5 billion).
The richest "large family" - which could have several hundred people according to the magazine's criteria - was the Brenninkmeijer family, owners of C&A clothing stores, with a net worth of EUR25 billion (US$35.2 billion).
In March, Forbes magazine estimated Karl Albrecht's wealth at US$20 billion, putting him in 15th place on the list of the world's richest people at the time.
Theo Albrecht was number 20 on the Forbes list with a net worth of US$17.5 billion.
Microsoft founder Bill Gates topped the Forbes list with a net worth of US$56 billion.
Since the likes of the traditional Inauguration Day in the national Capitol are likely never to be witnessed again, take this opportunity from one who has been there to relate some truth about the experience