GmbH & Co KG – formation, financing, liability & Co

The limited partnership – in short: Kommandite or KG – is one of the so-called complete companies and, as a partnership, is subject to the German Commercial Code (HGB). The formation process for this legal form of company is quite uncomplicated, as it can be formed informally and requires a minimum of only two founding members. It can be formed by both natural persons and legal entities. A maximum number of permissible shareholders is not specified by law.

If all general partners of a KG consist of limited liability companies (GmbH), they form a so-called Gesellschaft mit beschränkter Haftung & Compagnie Kommanditgesellschaft – called GmbH & Co KG for short. Such a GmbH is sometimes also referred to as a general partner GmbH, but beware: the general partner GmbH is a corporation and part of the GmbH & Co KG, while the GmbH & Co KG by virtue of its legal form is always a partnership!

Other typical partnerships:

• Limited partnership (KG)
• General partnership (OHG)
• Limited Liability Company and Compagnie General Partnership(GmbH & Co OHG)

Foundation & Company Name

Two persons are required for the formation of a GmbH & Co KG: The GmbH as full partner – i.e. general partner – and a natural person as partial partner – called limited partner. If you are starting from scratch, you must first establish a limited liability company in preparation. To do this, you need the following in a nutshell: a natural person or legal entity as the founder of the company; a tax identification number (tax ID); the confirmation of registration from the trade office; the shareholders’ agreement aka articles of association together with notarial certification; 25,000 euros in share capital; and finally the entry in the commercial register.

You can find out how the process of setting up a GmbH works in detail here:

• Establishment of a limited liability company (GmbH)

You have successfuly founded your GmbH? The limited partner is ready to go? Then the next step is to set up a limited liability company (Gesellschaft mit beschränkter Haftung & Compagnie Kommanditgesellschaft). Since the GmbH & Co KG is a separate company, you again need a tax ID and must register the company with the trade office. The establishment of articles of association is also mandatory and of course your company needs a suitable company name including the company suffix “GmbH & Co KG”.

Management & power of representation

As a general partner, the GmbH basically has power of representation in the external relationship. However, since a GmbH is a legal entity, the management authority is entrusted to a natural person. This may be a shareholder of the general partner GmbH or the position may be assigned externally to a so-called third-party managing director. In this case, there is often talk of a third party board of directors or external board of directors.

Alternatively, limited partners may also act as managing directors, provided they are expressly appointed to this body. Since limited partners are generally excluded from management, their management authority in this case is, however, limited to the right of objection in the case of extraordinary transactions.

Profit distribution & loss sharing

With regard to the distribution of profits and the sharing of losses, either the statutory principles come into play or corresponding specifications have been anchored in the articles of association. Profits are generally distributed at 4 percent of the capital share plus additional profit “in reasonable proportion”. Losses are also shared appropriately.

It is possible to completely exclude the general partner GmbH from the distribution of profits by means of a declaration in the shareholders’ agreement, whereby higher profits can be distributed to the investors. Insofar as the GmbH has inherent management authority, it can be paid an appropriate remuneration to compensate for its role as managing director, whereby a managing director’s remuneration cannot be deducted in total as a business expense for tax purposes. However, the remuneration is paid irrespective of the profits generated and thereby has the effect, if applicable, that the entire company can save taxes.

General partner, partial partner & tax liability

Usually, the general partners of a limited partnership are liable without limitation and jointly and severally – i.e. with their business assets plus private assets. If, on the other hand, the general partner of a KG appears in the form of a limited liability company (GmbH), he is liable as a legal entity only to the extent of the GmbH’s capital contribution. Limited partners are liable – as in the case of a conventional KG – only to the extent of the mandatory sum that they paid in as a limited partner’s contribution when the GmbH & Co KG was founded.

Like all other legal forms of companies, the Gesellschaft mit beschränkter Haftung & Compagnie Kommanditgesellschaft is generally liable to pay taxes. First and foremost, they are subject to trade tax and – in the case of taxable turnover – turnover tax. A GmbH & Co KG is generally exempt from income tax and corporation tax… However, profit income is still subject to taxation: corporation tax is applied to the profit share of the general partner GmbH, whereas limited partners must pay income tax on their profit.

• Trade tax (GewSt)
• Value added tax (VAT)
• Income tax (ESt)
• Corporate income tax (KSt)

Tip. All taxes for companies in one list:

• Taxes in Germany

GmbH & Co KG – For whom is it worthwhile?

A significant advantage of a GmbH & Co KG is undoubtedly the limitation of liability to the business assets of the general partner GmbH. This means that founders do not directly risk the existence of their company if an investment turns out to be disadvantageous, and they can quickly increase their equity capital through the flexible and simple admission of new limited partners. They can confidently outsource the organisational effort and the management to an outside body or make deviating succession arrangements in order to maintain the GmbH & Co KG.

So who is the GmbH & Co KG suitable for? This legal form is worthwhile for start-ups who would like to set up their business as a partnership without having to forego the special liability restrictions of a GmbH. A GmbH & Co KG is also conceivable as an asset-managing company and for family businesses.

Alternatives to the GmbH & Co KG: Legal forms in Germany

Legal forms – What types of company are there? If you want to start your first company, then choosing the ideal legal form is one of the first steps in the process of setting up a company. Whether it’s a special real estate company or a start-up, I’ve summarized all the types of companies in Germany for you here.

• Legal forms: List

Company types in detail:

• Sole proprietorship
• Registered businessman / registered businesswoman (e. K.)
• Civil law partnership (GbR)
• General partnership (OHG)
• Limited partnership (KG)
• Entrepreneurial company (UG)
• GmbH: Limited liability company
• Real estate GmbH / Asset management GmbH
• Stock corporation (AG)
• Real estate stock corporation (REIT-AG)
• Societas Europaea (SE)
• Foundation / Family Foundation

Der Beitrag GmbH & Co KG – Foundation, Management, Liability & Co erschien zuerst auf ℄ Real Estates.

More knowledge, Less Tax Burden

Basically, the more knowledge you acquire in terms of finances, taxes and individual tax situations, the better you can design your taxes. As I already mentioned in the article “Billion-dollar gift for Springer boss: Shares are tax-free?”, financial optimization is all about understanding and knowledge: Knowing that your tax advisor does not have and will never have. If he or she did, then he or she would be an investor himself.

Operationalization of the Tax Saving Elements

The second step is the operationalization, i.e. the practical application, specifically adapted to the particularities of your company. The industry does not matter, real estate investor, financial intermediary, lawyer or even tax advisor itself. If you know the legal methods and ways of tax optimization, you can instruct your tax consultant to do the right things. The tax consultant should then take care of the operational work. Everything strategic, methodical, you should master.

Tax model: Individual Methodology from Tax Tools

The ultimate goal is an optimal tax model that fits exactly to your individual constellation. Just like the US President. According to research of the New York Times he pays only $750 income tax. Many factors play a role here. In the area of real estate, companies, inventory and also private aspects such as family ties play a major role. As a young real estate investor it is still easy to add a second city to your portfolio, for example Hamburg and Berlin. As soon as the family is there, at the latest children, one’s own sphere of activity is naturally limited.

Factors for tax models, which your tax advisor will never be able to fully grasp with increasing complexity, are manifold. These would be just examples, which can also change depending on how your own portfolio is spread.

Tax model factors that influence the choice of methodology:

1. Company and industry(ies)
2. Real estate portfolio
3. Income from capital and investment portfolio
4. Strategic business planning
5. Private factors (partner, children, etc.)

Control Optimization: Process and Knowledge Build-Up

In this small, exaggerated infographics you can see how effective your knowledge, your tax burden will be gradually reduced.
Of course it is not as “extreme” as in this graphic in all areas. But in many it is possible. Just take a look at the example of the almost tax-free share donation.

Finance Basics: From Founder to Millionaire Entrepreneur

Here are my basic tips if you want to go from a solid foundation to a strong millionaire entrepreneur.

1. Submit tax return (mentioned for completeness)
2. Tax consultant (list with recommendations is also included)
3. Tax Coachings (only from professionals with best practice)
4. Experience of other CEOs, CFOs, senior executives, etc.

Tip 1: Submit your own Tax Return

The tip sounds simple, but is the absolute foundation. Not everyone who reads this guide is familiar with taxes, entrepreneurship and financing. Many are at the beginning of their career, perhaps even in the start-up phase. For you, too, I want to give you first, valuable tips on tax optimization.

In general, everyone who submits a tax return saves money. As a small motivation for your first tax saving, on average every citizen who submits a tax return gets a refund of 1,007 Euros.

I have done my tax declaration myself for many years, so I always knew about every item, about allowances, about duties and taxes. Today, this small-scale knowledge helps me to decipher complex processes in detail.

Or in short and simple terms: Nobody can fool you. Or only very, very, very few who have even more knowledge about legal tax models.

Tip 2 for Everyone: Tax Consultant

Work together with a tax consultant. This will allow you to take advantage of all the benefits that are regularly available or simple. This includes for example tax allowances.

A tax consultant is perfect to “seal the deal” with your accounting. But from experience you will never get proactive, really efficient tax tips. Tax consultants have many clients.
Nevertheless, you need a good tax consultant or a good tax office.

Tip 3 for Business Owners: Tax Coachings

So at some point you come to the point where you have to turn directly to experts. For this, there are either YouTube channels or books or tax coaching. Of course, I have tested all of them, but in the end, tax coaching is the most effective way.

The advantage of tax coaching as an online course: You combine different learning factors. You watch videos, perceive contents audiovisually, have checklists for in-depth application.

• Free courses are free of charge because they do not offer assets (content)
• Paid online courses offer know-how that not everyone should know
• PS: Please buy such courses only from tax experts with references
• Multimedia learning
• Contents repeatable

Tip 4 for Tax Savers: Experiences of Other CFOs, …

Experience of other CEOs, CFOs, senior executives, etc. with reputation and successful, lasting business At the latest after step 3 and your own, first years, you know immediately what that means.

In fact, I have also traveled a lot. Because especially from friends, i.e. “entrepreneur friends”, you learn the most. The big question is then always:

How do you do that?

No matter if it is about buying ETF packages in the savings plan (2.5% tax saved) or buying real estate without equity (yes, you only need to be able to hold equity if you do it skillfully).

You notice, I could tell you a lot about the tax return. Also to the tax consultant. But as soon as it comes to tax optimization, the matter becomes very dense. Knowledge cannot be put into a few words. Therefore, repeated briefly, take all tips to heart. If your assets grow, always remember to follow tip 3 & 4. The factor “tax” is getting bigger and bigger and the knowledge of how to deal with it, or rather how to structure it, transforms taxes into private assets.

Tax is like being an “entrepreneur”, a constant journey. The good thing is that every new destination is worth the adventure!

Reading Tips: Asset Building & Co.

Here I have some reading tips for you:

1. “Billion-dollar gift: shares largely tax-free”
2. Taxes & Assets: learning from investor experiences

“Billion-Euro Gift: Shares Largely Tax-Free”

“Billion dollar gift for Döpfner – largely tax-free?” – this headline is not from me, but from the morning mail. In fact, Matthias Döpfner has turned the publishing house upside down as boss. While owner Friede Springer stands confidently behind his decisions. Print shares were sold, new online media such as Business Insider, Idealo, Immowelt and StepStone were acquired. Already in 2012 Döpfner has received a big share package for more than 70 million Euro, now a “billion-dollar gift” for the Axel Springer boss is going to go, according to Manager Magazin. The 57-year-old media manager is increasing his previous stake in Axel Springer SE from just under three percent to a total of around 22 percent.

Tip! How does it work that you can get a block of shares almost tax-free? A little further down in the article I explain the methodology, or rather the law behind it.

• Give away shares: largely tax-free?

The President of the USA only Pays 750 Euro Income Tax: How does it work?

According to the New York Times, Donald Trump paid only 750 Euro income tax. It gets even better, according to the New York Times, Trump paid no income tax in 10 of 15 years starting in 2000. Are these questionable tax saving strategies or simply tax optimization? All the methods he uses are legitimate and legal. How does he do this?

• US President pays 750 Euro income tax

Der Beitrag Understand, Convert & Build Assets: Tax Optimization, Tax-Free erschien zuerst auf ℄ Real Estates.

Almost no Income Tax: New York Times

I myself have been dealing with finances for a long time. Why? Finances are a matter for the boss. Your tax advisor is often only “consultant”, not “designer”, I know that from my own experience. Then the New York Times had a headline yesterday:

Story: 750$ Income Tax

“Donald J. Trump paid $750 in income taxes (or federal income taxes in the United States) in the year he won the presidency. He paid another $750 in his first year in the White House. In 10 of the previous 15 years, he had paid no income taxes at all-mainly because he reported losing much more money than he earned.”

While the president is leading a re-election campaign, which according to polls is in danger of losing, his finances are under stress, he has suffered losses and hundreds of millions of dollars in debt, which he has personally guaranteed, are coming due. He is also under pressure from a decade-long dispute with the Internal Revenue Service over the legality of a $72.9 million tax refund that he demanded and received after declaring large losses. A negative ruling could cost him more than $100 million. – Extract New York Times.

At a briefing at the White House on Sunday, Trump denied the New York Times story and claimed that he pays “a lot” in federal income taxes.

“I pay a lot, and I pay a lot of federal income taxes” – Donald Trump

Trump added that he is willing to release his tax returns as soon as he is no longer audited by the Internal Revenue Service, which, he said, “treats me badly.”

Must a US president disclose his tax return?

Importantly, the President is not required to keep his tax returns during the audit, despite his repeated assertions to the contrary. Trump also refused to answer in the briefing how much he paid in federal taxes.

Tax Avoidance: How does he do that? 4 examples

The Times article describes a number of corporate and transactional tax claims that could raise significant audit issues for the president and his business organizations. It also points out ways in which the tax laws provide for entrepreneurs to reduce their taxes.

Note, for further details see the full article on Investopedia. Here are 4 examples from the article:

Casino ‘Waiver’ Loss

The Times’ research puts certain tax reduction strategies on Trump’s tax returns in the spotlight.

The $70.1 million refund received for 2005-2007 appears to be due to the recovery of approximately $700 million in business losses claimed for 2009. These losses were probably based on the allegation that Trump Atlantic City’s casino business was completely “abandoned” (Source: IRS. “Publication 544 (2019), Sales and Other Dispositions of Assets. Accessed Oct. 1, 2020).

They would be permissible provided Trump received nothing in return for giving up its interest in the business. However, records of the bankruptcy proceedings show that Trump received 5% of the shares of the successor company, which would have disqualified any loss from the abandonment and limited its deduction to a loss of $3,000 for the year (source: IRS. “Part I, Section 165. Losses.” Accessed Oct. 1, 2020)

Consulting Fees vs. Employee Compensation vs. Gift

Unspecified “consultancy fees”, which can be seen in tax returns, may indicate a common strategy for reducing corporate income and taxes. The $747,622 in consulting fees paid to Ivanka Trump raises several questions. As an employee of the Trump organization, Ivanka should not be paid as a consultant, that is, as an independent contractor.

Unlike employee compensation, consultant fees avoid withholding taxes that are payable by the payer. But in order to be deductible, they must be reasonable, marketable amounts. Although a consultant is subject to reporting and taxation, Ivanka may be able to avoid any tax liability. As a real estate professional, Ivanka may have enough real estate losses to offset the payment. This fee deduction may cause the IRS to raise another issue. Officials may question that the fee – which far exceeds the annual gift tax exemption of $15,000 for 2020 – is in fact a transfer of assets to a family member on which the transferor owes gift tax (source: IRS. “Publication 950.” Accessed Oct. 1, 2020).

Business vs. Personal Expenses

Although not all Trump’s business expenses are explained, the article lists items that may be non-deductible personal expenses (source: IRS. “Publication 529.” Accessed Oct. 1, 2020)

It is noted that on this basis, the IRS may not allow deductions for aircraft used for personal travel and television entertainment expenses. Since the deductions for attorneys’ fees are stated as a lump sum, The Times wonders if the total amount includes fees paid to attorneys representing Donald Trump, Jr. in investigations and the President’s personal legal agreements to obtain confidentiality agreements from the plaintiffs.

Residence or Investment?

The Trump Seven Springs housing estate in Bedford, N.Y., asks additional questions. Although Forbes reported that Eric Trump described the property as a personal residence, Donald Trump called it an investment and deducted the $2.2 million property tax as a business expense. Wealth tax deductions for personal residences are subject to a $10,000 cap on state and local tax deductions (IRS. “Topic No. 503 Deductible Taxes.” Accessed Oct. 1, 2020).

Reading tips: Asset Accumulation & Co.

Here I have some reading tips for you:

1. “Billion-dollar gift: shares largely tax-free”
2. Taxes & Assets: learning from investor experiences

“Billion-euro Gift: Ahares Largely Tax-Free”

“Billion dollar gift for Döpfner – largely tax-free?” – this headline is not from me, but from the morning mail. In fact, Matthias Döpfner has turned the publishing house upside down as boss. While owner Friede Springer stands confidently behind his decisions. Print shares were sold, new online media such as Business Insider, Idealo, Immowelt and StepStone were acquired. Already in 2012 Döpfner has received a big share package for more than 70 million Euro, now a “billion-dollar gift” for the Axel Springer boss is going to go, according to Manager Magazin. The 57-year-old media manager is increasing his previous stake in Axel Springer SE from just under three percent to a total of around 22 percent.

Tip! How does it work that you can get a block of shares almost tax-free? A little further down in the article I explain the methodology, or rather the law behind it.

• • Give away shares: largely tax-free?

Understand and Convert Taxes & Build up Assets

Tax optimization, tax-free, the most popular buzzwords when it comes to wealth accumulation. But how do you actually convert private wealth into taxes? My tip, as before, is to learn from professionals who have all been through it.

Always remember: taxes are a matter for the boss.

• Convert taxes into private assets

Der Beitrag Trump only pays 750 Euro Income Tax!? How to, Tax Coaching + More erschien zuerst auf ℄ Real Estates.

Share Gift and Company, PS: Tax optimization is legal

Tip! How does it work that you can get a share package almost tax-free? A little further down in the article I explain the methodology, or rather the law behind it.

First of all, a brief overview: Mathias Döpfner, head of the Springer publishing house, is given a large block of shares as a gift. The parcel of shares given to him, from about 15 percent of Axel Springer SE, has an estimated value of a good one billion euros. According to current news, he will hardly have to pay taxes on it. A “billion-euro gift for Döpfner”, according to the Morgenpost. The Tagesschau (both German) summarizes it best:

“Springer boss Döpfner rises to become major shareholder of the Berlin media house. Publisher’s widow Friede Springer sells her confidant around 4.1 percent of the share capital and gives him another 15 percent or so”

Before we look at how such a gift is structured so that no or hardly any tax is due, here is a rough look at the publishing house Axel Springer SE and its development under Döpfner.

Here’s a quick reading tip: Today it flickered through the news tickers of the world. According to the New York Times, US President Trump pays only 750 Euro income tax. It gets even better, according to the New York Times Trump paid no income tax in 10 of 15 years from 2000 onwards. How does he do that?

• If the US president pay only $750 income tax

Axel Springer SE: Development under Döpfner

As already described in the introduction, he needed changes and Friede Springer clearly sees him as her successor.

The rapidly growing online business boosted earnings before interest, taxes, depreciation and amortization to 309 million euros in the first six months. This is the highest operating profit in the history of the Group. The digital business accounts for around a third of the profit – and the trend is rising, so that Handelsblatt.

How does the turnover develop over time? The Federal Statistical Office reports: “In 2019, the turnover of Axel Springer SE was more than 3.1 billion euros […]. There has been a tendency for revenues to increase since 2007, but the highest revenues of almost 3.3 billion euros were generated in 2015.

AxelSpringer SE at a glance:

• CEO is Mathias Döpfner since Jan. 2002
• The major owner is Kohlberg Kravis Roberts & Co. (43.54%)
• Revenues in 2019 amounted to EUR 3.1 billion
• 16,120 employees in 2019
• Headquarters is Berlin
• The founder of the publishing house was Axel Springer

Subsidiary of Axel Springer

While print shares were disposed of, Döpfer and Springer invested primarily in digital business models. The Axel Springer SE includes among others:

• AWin (Affiliate Platform)
• Ideal
• Immowelt Holding AG
• StepStone

Of course, the publishing house still includes print products, as well as BILD and TV stations like WELT.

• Bild group (Bild , Bild am Sonntag, bild.de)
• Bild magazines (like Computer Bild, Sport Bild, Auto Bild, Audio Video Foto Bild)
• Welt Group (Welt, Welt Kompakt, Welt am Sonntag, welt.de)
• Welt-TV (World, N24 Documentary)

Axel Springer SE: Share Price (Realtime)

Finally, a look at today’s share price with a review of the year:

• WKN: 550135
• ISIN: DE0005501357
• Symbol: SPR

73 million: First transfer already 2012

The Süddeutsche will report as early as 2012 on the first transfer of shares from Friede Springer to CEO Mathias Döpfner worth around 73 million euros.

“The generosity has a “purely private background”

The Pressehaus said:

In order to fend off overly curious journalists, Springer agreed on this language regulation. It also has an impact on how much tax Döpfner has to pay on the gift, so on in Southern Germany.

“If the tax office were to come to the conclusion that the reason for the share transfer was Döpfner’s employment relationship, he would have to pay millions in wage tax on the gift. With the solidarity surcharge, around EUR 36 million in taxes would be due. If, on the other hand, Döpfner succeeds in convincing the office that Friede Springer gave him the shares out of pure affection, he could save a lot of money. Under certain circumstances he would then even have to pay only around 2.5 million Euro to the tax office.”

Why Largely Tax-Free? Explanation

First of all there is a tax-free amount for all donations. The regulations are laid down in the Act on Inheritance and Gift Tax.

Free Amount in Case of Gift (Capital): Outside the Family

In general, the following rates from the Inheritance Tax and Gift Tax Act (ErbStG) § 16 allowances for inheritance and gift apply.

(1) In cases of unlimited tax liability (§ 2 paragraph 1 number 1) the acquisition remains tax-free:

1. Of the spouse and the life partner in the amount of 500 000 euros;
2. Of children within the meaning of tax class I No. 2 and children of deceased children within the meaning of tax class I No. 2 in the amount of 400 000 Euro;
3. Of the children of the children within the meaning of tax class I No. 2 in the amount of 200 000 Euro;
4. Other persons in tax class I in the amount of 100 000 Euro;
5. Of persons in tax class II in the amount of 20 000 euros;
6. (omitted)
7. Other persons in tax class III in the amount of 20 000 Euro.

The Morgenpost reports accordingly:

Actually, the publisher’s widow’s gift to her top manager would not be such a generous one. For gifts outside the family, 50 percent gift tax is due above the allowance of 20,000 euros. In this case, this means almost half a billion euros. But there are exceptions, for example for business assets.”

Free amount for donation: Within the family (excursus)

Within the family you have a higher allowance:

• Spouses and registered partners: 500.000 Euro
• Donation to children: 400.000 Euro
• Gift to grandchildren: 200.000 Euro

If there is little or no degree of kinship, the tax-free amount is, as described, only 20,000 euros.

Share Package Almost Tax-Free: Method Explained

Why is a large part of the share package now largely tax-free?

The package has a volume of 15%. During the transfer, a law was exploited to prevent the possible insolvency of companies. Due to the high volume, Axel Springer SE could get into financial difficulties. As a reminder, the gift tax outside the immediate family is 50%, the tax-free amount is only 20,000 euros.

Gift tax: 50%

Exempt amount: 20.000 Euro

Tax-free: Possible financial threat to Axel Springer SE

The possible financial threat to Axel Springer SE is therefore the legal sticking point, which is why a large part of the tax (according to current news [03.10.2020]) is waived.

Gift, Capital Gains, Real Estate – Almost Tax-Free ?

We have answered the question from the headline: “Largely tax-free? Now we come to the second part: “Can I do that too?” Short answer: Yes. The way: Coaching from a professional, learn, understand, actively apply. The important thing is that taxes are a matter for experts.

You want to Save Taxes like a Pro?

You want to save taxes like the professionals? I don’t write any names because I don’t want to make a big advertisement, but there are great tax coaching services just a google search away.

I have been following several self-made real estate investors for a long time. Anyone who has made it from zero to a millionaire with legal methods can only be a good role model for me.

The best thing about tax optimization, it is absolutely legal!

US President Pays only 750 Dollars Income Tax

As I have reported here in the article about the American President’s meager 750$ reported taxes, tax optimization is common practice. Everyone who submits a tax return and for example deducts travel expenses is actively minimizing taxes.

Financial optimization is especially about understanding and knowledge: Knowing that your tax advisor does not have and will never have. If he or she did, he or she would be an investor himself.

In other words: If you know the legal methods and ways of tax optimization, you can instruct your tax consultant to do the right things. The tax consultant should then take care of the operational work. Everything strategic, methodical, you should master.

Understand and Convert Taxes & Build up Assets

Tax optimization, tax-free, the most popular buzzwords when it comes to wealth accumulation. But how do you actually convert private wealth into taxes? My tip, as before, is to learn from professionals who have all been through it.

Always remember: taxes are a matter for experts.

• Convert taxes into private assets

Der Beitrag “Billion-dollar gift for Springer boss: shares largely tax-free”? Can I do that too? erschien zuerst auf ℄ Real Estates.

Jeff Bezos (USA)

Assets: $129.9 billion

Mathias Döpfner talking to Amazon CEO Jeff Bezos to talk about the beginnings of the founding of Amazon, what he has learned since then, how he finances his rocket company “Blue Origin” and what it is like when the President of the United States is the biggest critic. In the portrait of Jeff Bezos.

Bill Gates (USA)

Assets: $113.1 billion

For the first time ever Bill Gates sat down with Ellen. He talks about becoming a young billionaire, the trampoline room in his house and the excellent work he is doing with the “Bill & Melinda Gates Foundation”.

Bernard Arnault & Family (France)

Assets: $107.9 billion

Bernard Arnault is the Chairman and CEO of the world’s largest and most successful luxury goods group LVMH, which controls brands such as Louis Vuitton, Fendi, TAG Heuer, Bulgari and Marc Jacobs. In March 2015, Forbes ranked him as the thirteenth richest person in the world.

While LVMH’s portfolio of prestigious brands grew at a breathtaking pace, Arnault made remarkable investments in companies like Netflix over ten years ago. Is it a good investment? Find out: property investment.

Warren Buffet (USA)

Assets: $89.4 billion

Mark Zuckerberg (USA)

Assets: $79.3 billion

Mark Zuckerberg in the portrait of Bloomberg “Game Changers”. The documentary series takes a look at the business leaders and entrepreneurs who have changed our world.

Top25 List of the richest people

1. Jeff Bezos (USA) – 129.9 billion $
2. Bill Gates (USA) – 113.1 billion $
3. Beranrd Arnault & family (France) – 107.9 billion $
4. Warren Buffet (USA) – 89.4 billion $
5. Mark Zuckerberg (SUA) – 79.3 billion $
6. Armancio Ortega (Spanien) – 76,5 billion $
7. Larry Ellison (USA) – 69.4 billion $
8. Carlos Slim Helú & family (Mexico) – 69.2 billion $
9. Larry Page (USA) – 67.9 billion $
10. Sergey Brin (USA) – 65.5 billion $
11. Steve Ballmar (USA) – 65.4 billion $
12. Michael Blumberg (USA) – 62.8 billion $
13. Francoise Bettencourt Meyers & family (France) – 57.7 billion $
14. Mukesh Ambani (India) – 57.1 billion $
15. Jim Walton (USA) – 52.8 billion $
16. Alice Alton (USA) – 52.8 billion $
17. Rob Walton (USA) – 52.5 billion $
18. Ma Huateng (China) – 46.7 billion $
19. Jack Ma (China) – 43.9 billion $
20. David Thomson & family (Canada) – 43 billion $
21. Charles Koch (USA) – 42.1 billion $
22. Julia Koch & family (USA) – 42.1 billion $
23. MacKenzie Besos (USA) – 41.9 billion $
24. Phil Knight & family (USA) – 40.6 billion $
25. Elon Musk (USA) – 40 billion $

Statistics: The 25 richest people

The 25 richest people in the world by wealth in 2020 (as of 17 February; in billions of US dollars).

More statistics can be found at Statista

Der Beitrag Top25 – The richest people worldwide by wealth erschien zuerst auf ℄ Real Estates.