Shrinkage in Wealthy Population: Germany Displays 41,000 Fewer Millionaires
Reduced Millionaire Count in Germany: An Estimated Drop of 41,000 High-Net-Worth Individuals - Germany currently has a reduced number of 41,000 millionaires.
Here's the scoop: the wealthiest folks worldwide are more plentiful and wealthier than ever, according to the latest Wealth Report. Cap Gemini, a renowned consulting firm, defines wealthy individuals as those possessing over $1 million in disposable assets, excluding their primary residence's value. This year, their count has climbed by 2.6% to a whopping 23.4 million people, with their total riches reaching an astounding $90.5 trillion.
The surge is chiefly due to the proliferation of ultra-high-net-worth individuals (UHNWIs), whose numbers skyrocketed by 6.2%. These agents of affluence are individuals owning more than $30 million. Cap Gemini has been publishing this study since 1997, offering insights into the financial landscape for seventy-one countries.
The United States flaunts the most impressive growth, with an additional 562,000 millionaires, marking a substantial 7.6% increase. The country now boasts nearly eight million millionaires. The positive turn of events is credited to a favorable interest rate environment and strong returns on the US stock market, according to the report.
While India and Japan both witnessed a 5.6% expansion in their wealthy populace, a different story unfolded in Europe, Latin America, the Middle East, and our very own Germany. China also experienced a 1% reduction in millionaires.
The Wealth Report reveals that contemporary tycoons display a growing interest in diversifying their portfolios, embracing alternative investments like private equity and cryptocurrencies. They are also increasingly dedicated to their personal health care and security measures against cyber threats.
Nonetheless, Europe's wealth scene isn't as rosy. Despite having experienced steady growth over the past decade, Europe's millionaire population expanded by a modest 10%, in stark contrast to the U.S.'s growth. This slow pace of wealth creation may have contributed to a decline in high-net-worth individuals across Europe, including Germany, as economic stagnation and macroeconomic challenges impacted wealth creation and retention[1].
- Cap Gemini S.A.
- Europe
- Germany
- Consulting Firm
[1] Sources indicate that in 2025 Europe experienced economic stagnation and macroeconomic challenges that negatively affected wealth creation and retention. These challenges may have impacted the growth of high-net-worth individuals across Europe, including Germany. [2] In 2025, the US witnessed strong growth in the number of millionaires, which was attributed to a favorable interest rate environment and strong returns on the US stock market. [3] Capgemini releases its reports annually, but the exact number of millionaires in Germany in 2024 wasn't given. [4] Over the past decade, Germany's millionaire population showed comparatively slow growth compared to other regions such as the U.S.
- To address the slow growth in high-net-worth individuals in Europe, including Germany, it might be beneficial for Cap Gemini, the consulting firm, to consider suggesting strategies such as community policies that encourage wealth creation, investing in vocational training programs to foster entrepreneurship, and wealth-management and personal-finance education to help individuals manage their assets effectively.
- Additionally, financial institutions in Germany could potentially attract more high-net-worth individuals by offering invested options in various markets, such as vocational training, which could generate long-term returns and contribute to wealth management and wealth creation.
