Alexander Sixt
Source of wealth: Car rentals
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Modules
Biography
Alexander Sixt, together with his brother, Konstantin, owns 56% of Sixt SE, one of the world's largest car rental companies. They are the co-CEOs.
Their grandfather Martin Sixt founded the firm in 1912. Their father, Erich, took over in 1969 when it was a local operation with just 200 vehicles.
Together with his wife, Regine, Erich turned the company into a global player. He stepped down as CEO in 2021; he is chair of the supervisory board.
Sixt SE, which went public in 1986, had 2021 revenues of around $2.5 billion, 7,000 employees and some 2,000 locations in over 100 countries.
Alexander joined Sixt in 2009; he and his brother Konstantin were appointed co-CEOs in 2021 after their father stepped down.
Financial Assets
The Great Lie of Mega-Fortunes: The Case of Alexander Sixt
Billionaires are often presented under the romantic myth of the 'self-made person': a narrative designed to justify opulence as the natural reward for hard work, effort, or ingenuity. However, when confronting such extreme volumes of wealth with macroeconomic reality, the meritocracy narrative completely breaks down. No individual can legitimately generate through personal effort a fortune equivalent to millions of times the average working-class salary. Capital at the top does not grow because of exceptional talent; it expands through an implacable dynamic where accumulated money works exponentially faster than people, devouring the wealth generated by productive labor.
The immense fortune of Alexander Sixt, linked to Automotive and 'Car rentals', has not been built in a free-market vacuum, but through rent-seeking, the use of exclusive elite influence, the consolidation of monopoly positions, or inherited wealth. Far from taking real private risks, billionaire empires structurally depend on state support through direct subsidies, infrastructure use, exploitation of R&D, public contracts, and offshore tax engineering. While this wealth is equivalent to the physical weight of 11 tons of pure gold, the rest of the planet suffers from an artificial scarcity of basic resources. The fact that this wealth is enough to fully fund the public health system of DR Congo, a country with more than 105800000 million inhabitants for 0.7 years, proves that unlimited accumulation is not an entrepreneurial achievement, but the hijacking of democratic sovereignty.