In 2021, Germany had the highest number of billionaires in Europe and the third highest in the world at 176. The Untied Kingdom followed with 120 billionaires, while Switzerland had 111.
Where do the rich live in Germany?
Hamburg has the highest density of millionaires and its vast corporations in the media, entertainment and commercial industry have established a strong economy. Therefore, the costs of living in Hamburg is just as high as in Munich and 9% higher than in Berlin.
Who is the richest person in Europe?
One woman, five French and a sanctioned Russian: These are Europe’s richest people. A European is currently the world’s richest person. Bernard Arnault, the holder of the world’s largest luxury retail empire, has been sitting on this throne for a solid week now, sweeping former title holder Elon Musk from the top spot.
How many millionaires are in Germany?
China was ranked second in that year, with 6.1 million individuals with wealth exceeding one million U.S. dollars. Japan followed in third with 3.4 million millionaires.
| Characteristic |
Number of people with a net worth over one million U.S. dollars in thousands |
| Japan |
3,366 |
| United Kingdom |
2,849 |
| France |
2,796 |
| Germany |
2,683 |
How many billionaires are in Germany? – Related Questions
How many millionaires are there in the Philippines?
In 2021, the Philippines had nearly 19 thousand millionaires. It was projected that in 2026, the number of high net worth individuals in the country will reach approximately 32.65 thousand.
| Characteristic |
Number of millionaires in thousands |
| – |
– |
Is Germany a very rich country?
In 2021, Germany was ranked the 20th richest country in the world, measured by GDP per capita. This means that if you add up the value of all the goods and commodities produced in a country and divide the figure by the number of inhabitants, you get $50,700 (€52,200) per person per year in Germany on average.
How rich is Philippines?
Economy of the Philippines
| Statistics |
| GDP |
$425 billion (nominal; 2023 est.) $1.25 trillion (PPP; 2023 est.)
|
| GDP rank |
40th (nominal; 2022) 30th (PPP; 2022) |
| GDP growth |
5.7% (2021) 6.5% (2022f) 5.0% (2023f) |
| GDP per capita |
$3,763 (nominal; 2023 est.) $11,106 (PPP; 2023 est.) |
Which country is no 1 rich country?
The USA is the only country with a large surface area and population among the highest-ranking nations, ranking eleventh. The richest country in the world is Luxembourg.
The 50 richest countries in the world.
| Rank |
Country |
Adjusted GDP/capita |
| 1 |
Luxembourg |
132,675 $ |
| 2 |
Singapore |
116,486 $ |
| 3 |
Ireland |
107,551 $ |
| 4 |
Qatar |
102,018 $ |
Why is Germany so cheap living?
Compared to other European countries, Germany’s prices are cheaper because of fierce competition between large retailers. “We have a comparatively high concentration of supermarkets on the German market and a merciless competition between large retailers, which leads to prices being very low.
What percentage of Germans are millionaires?
Countries by number and percentage of millionaires
| Country or subnational area |
Number of millionaires |
Share of global millionaires (%) |
| France * |
2,796,334 |
4.4 |
| Germany * |
2,638,056 |
4.4 |
| Australia * |
2,176,868 |
3.2 |
| Canada * |
2,092,416 |
3.0 |
What country has most millionaires?
Switzerland was the country with the highest rate of millionaires worldwide in 2021, with 16.4percent of the adult population owning assets worth more than one million U.S. dollars. Luxembourg followed right behind with 16.2 percent of the population being millionaires, with Iceland in third.
What is considered wealthy in Germany?
In its most recent figures from December 2021, the Institute for German Economy (IW) found that a single person earning €3,700 a month after taxes qualifies as rich, as that puts them in the top ten percent of earners in the country.