Germany’s rich: Top 25 Cities for German multi-millionaires

According to WealthInsight research, there are 11,392 multi-millionaires in Germany (each with assets of over US$30 million), the third highest number in the world, behind only the US and Japan.

Frankfurt is home to the largest portion of these with 1,868 multi-millionaires. Compared to major EU cities: this is above Paris (1,500 multi-millionaires), Zurich (1,314) and Geneva (1,156), but well below London (4,220). There are also sizable German multi-millionaire populations in Munich (1,113), Hamburg (843), Düsseldorf (524), Berlin (464) and Stuttgart (382).

According to WealthInsight analyst Andrew Amoils: “Germany has a relatively even spread of multi-millionaires with 10 German cities with more than 150 multi-millionaires and 5 German cities with more than 400 multi-millionaires. This differs considerably from other major EU countries (UK and France) where wealth is centered around the capital cities”

“However, one should note that the top 25 German cities for multi-millionaires are all based in former West Germany.”

“Leipzig is the top East German city, it has only 28 multi-millionaires.”

 

Additional findings:

  • The number of multi-millionaires in Germany increased by 0.7% over the four year period between 2007 and 2011 (review period).
  • Munich and Essen were the top performing German cities for multi-millionaires over the period, with growth of 30% and 23%, respectively.
  • The number of multi-millionaires in Berlin and Stuttgart declined by the largest amounts over the review period: 16.5% and 13.2%, respectively.
  • Multi-millionaires in Frankfurt also fared relatively poorly, with their number declining by 6.2% over the review period.

 

Ranked by number of UHNWIs in 2011

 

Number of UHNWIs, 2011

% of UHNWIs, 2011

1

Frankfurt

1,868

16.4%

2

Munich

1,113

9.8%

3

Hamburg

843

7.4%

4

Düsseldorf

524

4.6%

5

Berlin

464

4.1%

6

Stuttgart

382

3.4%

7

Cologne

235

2.1%

8

Hanover

216

1.9%

9

Essen

213

1.9%

10

Bonn

154

1.4%

City with rank

Number of UHNWIs

Population

UHNWI population density

11. Bremen

129

547,340

24%

12. Ludwigshafen

97

164,351

59%

13. Duisburg

91

489,559

19%

14. Gütersloh

91

96,404

94%

15. Nuremberg

78

505,664

15%

16. Mainz

69

199,237

35%

17. Kiel

66

239,526

28%

18. Wolfsburg

64

121,451

53%

19. Bielefeld

55

323,270

17%

20. Karlsruhe

53

294,761

18%

21. Oberursel

52

43,741

119%

22. Walldorf

50

14,824

337%

23. Mulheim

47

167,344

28%

24. Osnabrück

45

164,119

27%

25. Wiesbaden

44

275,976

16%

26. Darmstadt

42

144,402

29%

27. Dortmund

42

580,444

7%

28. Augsburg

41

264,708

15%

29. Bad Homburg

40

52,229

77%

Definitions:

  • “Multi-millionaires” otherwise known as “ultra high net worth individuals” or “UHNWIs” are individuals with net assets of US$30 million or more excluding their primary residences.
  • “Millionaires” otherwise known as “high net worth individuals” or “HNWIs” refer to individuals with net assets of US$1 million or more excluding their primary residences.
  • For the purposes of this report, the phrase “review period” relates to the years 2007–2011 and the “forecast period” relates to the years 2011–2016.
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s