Which countries are adding the most millionaires? - Every day 5 people in Germany cross the $30 million threshold
Wealth inequality across and within Europe remains high, as shown by several indicators. According to the latest report by the European Central Bank, published in 2023, the average net wealth of households in the euro area was €123,500. However, this ranged from just €2,000 for the poorest 20% of the population to €1.01 million for the poorest 20%.
At the same time, the ranks of the ultra-rich are growing rapidly across the continent. The number of people with at least $30 million in wealth has increased by 26% over the past five years. Knight Frank’s 2026 Wealth Report classifies them as ultra-high net worth individuals (UHNWIs). Their numbers rose from 146,525 in 2021 to 183,953 in 2026.
Germany has the highest daily increase in the number of people joining the $30 million-plus club in Europe. Every day, an average of five people in Germany pass the $30 million wealth threshold. Germany, Europe's largest economy, ranks third globally in terms of GDP, behind the United States and China, according to the IMF.
In Switzerland, the number of ultra-wealthy individuals has increased by the equivalent of 2.7 people per day. Over the past five years, their number has increased by 4,968, bringing the total to 17,692. Between 2021 and 2026, France added an average of 2.1 new members to its $30 million-plus wealth club every day. The country’s ultra-high-net-worth individuals (UHNWI) population grew by 3,781 to 21,518. The daily increase is 1.6 in the United Kingdom and Italy, followed by Spain at 1.5. In Turkey, the figure is 1.1.
Of these seven countries, five are among Europe's largest economies. Switzerland and Turkey are the only other countries in the region where the number of people with at least $30 million in wealth is increasing by at least one person per day on average.
The US is home to the largest number of people with at least $30 million in wealth, with 251,352 upper middle-aged people in 2026. China ranks second with 121,677.
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