Which country in Europe has the most ultra-rich? - Germany leads with 38,215 individuals, with at least 25.7 million euros each
Europe’s ultra-rich club is growing rapidly. The number of people with at least €25.7 million in wealth, known as ultra-high net worth individuals, has risen by 26% in Europe over the past five years. That means 37,428 new members joined this exclusive group between 2021 and 2026, according to Knight Frank’s 2026 Wealth Report.
More than 710,000 people worldwide own at least €25.7 million in net worth. Almost a quarter of them, 25.8%, live in Europe. The continent's ultra-high net worth individual population grew from 146,525 in 2021 to 183,953 in 2026.
Germany leads Europe with 38,215 ultra-rich, the UK ranks second with 27,876, followed by France with 21,528. No other European country surpasses the 20,000 mark. Switzerland has 17,692 and Italy 15,433.
The figure drops significantly beyond the top five countries. Spain, one of Europe's largest economies, is home to 9,186 ultra-wealthy individuals. Sweden counts 6,845 and the Netherlands 5,077. Denmark (4,657), Turkey (4,208), Austria (4,188) and Poland (3,017) come next.
The number falls below 3,000 in other countries. Norway has 2,460, the Czech Republic 2,270, Ireland 2,196, Portugal 2,187 and Finland 1,317. All other European countries remain below 1,000.
Russia, which is outside the EU, EU candidate and EFTA, has 8,399 senior citizens.
Germany saw the highest absolute growth between 2021 and 2026, adding 9,273 new members to the $30 million-plus wealth club. Switzerland (4,968), France (3,781) and the United Kingdom (3,005) also recorded significant growth.
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