Recent international wealth reports show a significant increase in the number of millionaires residing in Germany, despite ongoing economic concerns. According to the latest Global Wealth Report compiled by Swiss bank UBS, the country reached 2.6 million individuals with assets exceeding one million US dollars by the end of 2025. This represents an increase of 24,263 compared to the previous year. For context, one million US dollars equates to approximately 877,670 euros.

Germany now holds the fourth position globally in terms of millionaire population, trailing only behind the United States, China, and Japan. It surpasses other major economies such as the United Kingdom and France. The criteria used in the UBS report are broad, encompassing total net worth across cash, securities, pension plans, and real estate, minus outstanding liabilities. This means that ownership of a well-situated property can be sufficient to meet the millionaire threshold.

Different Methodologies Yield Varying Figures

The methodology for counting millionaires can differ significantly between reports. The consulting firm Capgemini, for example, uses a stricter definition that excludes the value of primary residences. Instead, it focuses solely on liquid financial assets such as bank deposits, stocks, bonds, and investment funds. According to Capgemini's Global Wealth Report, there were about 1.78 million individuals in Germany with at least one million dollars in financial assets in 2025--an 11.1 percent increase over the previous year.

Growth in Germany's Aggregate Wealth

The overall net wealth in Germany has seen substantial growth as well. Boston Consulting Group (BCG) estimates that by 2025, the total net wealth of German private individuals had reached 23.3 trillion US dollars. This marks a 14.8 percent increase year-on-year. While the value of stock market investments and funds contributed significantly to this rise, the majority of German private wealth remains invested in tangible assets, particularly real estate, rather than being concentrated in the stock market.

Geographic Distribution of Wealth

When examining where Germany's wealthy individuals are located, Frankfurt stands out as the city with the highest concentration of millionaires whose wealth is based solely on financial assets. According to data from Henley & Partners and New World Wealth, Frankfurt is home to around 80,300 such individuals. Munich ranks second with approximately 69,800, followed by Berlin, which has about 28,400.

Super-Rich Population

At the uppermost end of the wealth spectrum, UBS estimates that 244,000 adults in Germany possess between five and one hundred million US dollars in assets. In addition, the country is home to 193 individuals classified as billionaires, each holding assets worth at least one billion US dollars (or roughly 877 million euros).

The data highlights Germany's continued status as one of the world's primary wealth centers, even amid economic slowdowns and broader concerns about the global economy. The increase in both the number of millionaires and the total net wealth suggests robust asset appreciation, particularly in real estate and financial instruments, underpinning the country's financial landscape.