Germany's 5,000 ultra‑rich hold over a quarter of national wealth

According to Boston Consulting Group’s Global Wealth Report 2026, Germany’s total private financial wealth reached about $23.3 trillion at the end of 2025, up 7.4 % globally and 2.2 % domestically. Ultra‑high‑net‑worth individuals (UHNWIs) – those with more than $100 million – number roughly 5,000, an increase of 1,100 from the previous year.

These 5,000 UHNWIs own about 27.3 % of all financial wealth in Germany, while the roughly 769,000 millionaires hold around 25.5 % and the remaining 66 million residents own the rest. The high concentration is driven by strong equity‑market performance and large allocations to real assets, especially property.

A third of German financial wealth remains in cash and deposit accounts, with another 25 % in life‑insurance and pension funds. Analysts note that Germany’s weaker capital‑market culture, stagnant economy, aging population and low productivity may keep wealth growth slower than in other Western economies. The data are expected to fuel debate within the governing coalition over possible higher taxes on large fortunes. “The concentration of wealth at the top continues to increase,” said Michael Kahlich, partner at BCG, cited by Spiegel.