In Schleswig-Holstein, wealth appears understated, but the number of income millionaires is steadily rising. According to Statistik Nord, there are 1184 such individuals with an average income of 2.8 million euros. Behind the modest facade lies a clear upward trend.
Schleswig-Holstein, between the North Sea and Baltic Sea, presents a financially modest facade. Officially, the state has fewer income millionaires than the national average: 7.9 per 10,000 taxpayers compared to 8.0 nationwide. The 2021 tax statistics, the latest available, report exactly 1184 income taxpayers with at least one million euros in income.
Density varies regionally: The highest rates are in Nordfriesland with 16.1 millionaires per 10,000 taxpayers, followed by Rendsburg-Eckernförde (9.8), Plön (9.7), and Stormarn (8.0). The lowest is in Neumünster at 2.5. Specific figures for Lübeck are absent.
Despite the low quota, the number of millionaires has grown by nearly ten percent over recent years, as Statistik Nord data indicates. Their average income stands at 2.8 million euros. Known names include Ronald Slabke with 0.6 billion euros (Hypoport in Lübeck, rank 168), Gerald Kassner with 400 million euros (Sundair in Lübeck-Blankensee, rank 408), the Dräger family with 350 million euros (rank 478), the Oldendorff family with 2.2 billion euros (rank 78), and Winfried Stöcker with 300 million euros (rank 524)—based on Manager Magazin 2025.
89 out of 100 income millionaires earn their wealth as business owners, explains Statistik Nord. In comparison, the average income of all taxpayers in Schleswig-Holstein is 45,481 euros, up 4.4 percent. However, most German millionaires reside in Hamburg, Bavaria, North Rhine-Westphalia, or Baden-Württemberg.
