In Germany, the number of millionaires fell last year. (Symbolic image) © Panthermedia/Imago
In Germany, the number of millionaires fell last year – this is a worldwide phenomenon. An overview.
Frankfurt/Main – While poorer people are struggling with the rising cost of living, the rich are feeling the effects of the slump in stock markets: According to data from the consulting firm Capgemini, the number of people with investable assets of at least one million US dollars has decreased worldwide.
Within a year, the number of dollar millionaires fell by 3.3 percent to 21.7 million. The total value of these people's assets shrank by 3.6 percent year-on-year to $83 trillion. This was the sharpest decline in more than ten years in both categories, Capgemini classified: "This was caused by geopolitical as well as macroeconomic uncertainties."
The number of German millionaires has fallen
In Germany, the club of dollar millionaires shrank by 2021,2022 people from 20 to 900 to a good 1.61 million members. Their total assets fell by 2.2 percent to just over $6.1 trillion. A year earlier, it had risen by 7.4 percent to around 6.3 trillion dollars.
In Europe as a whole, the fortunes of dollar millionaires shrank by 3.2 percent year-on-year to $18.2 trillion, according to calculations. According to the report, the North America region recorded the sharpest decline in assets, falling by 7.4 percent to 25.6 trillion dollars.
Dollar millionaires: Germany in third place in the ranking
However, despite declining numbers, Germany can maintain third place in the ranking of countries with the most dollar millionaires: The USA is still at the top with a good 6.9 million people in this category – ahead of Japan with 3.55 million. China ranks fourth, with just under 1.5 million wealthy individuals.
The top 5 countries with the most dollar millionaires:
0
Also Read
Environmental disaster with an announcement? Batteries of electric cars threaten to become a problem
READ
"Like winning the lottery": Pensioner lives with 600 euros a month in the sunny holiday paradise
READ
Sunny, cheap, safe: In this country, pensioners can enjoy their retirement without any worries
READ
Munich-based delicatessen chain is insolvent – shock for 130 employees
READ
Here's why used e-cars could ruin the used car market
READ
Fancy a voyage of discovery?
My Area
Land | Number of Dollar Millionaires 2021 | Number of Dollar Millionaires 2022 |
United States | 7.46 million | 6.92 million |
Japan | 3.65 million | 3.55 million |
Germany | 1.63 million | 1.61 million |
China | 1.53 million | 1.49 million |
France | 775.000 | 778.000 |
In its "World Wealth Report", which has been compiled annually since 1997, Capgemini takes into account equities, fixed income, alternative investments such as private equity, cash and real estate, provided that they are not used by the company itself. Collections or consumer goods are not included.
Bundesbank: Germans have lost billions on the stock market
Other analyses confirm the trend shown by Capgemini: The insurer Allianz, which annually publishes a study on the development of global financial assets, predicted the trend reversal for 2022 as early as October. In the previous three years, there were significant increases of more than ten percent in each case. For 2022, due to the consequences of the Ukraine war, including high inflation and tightening of monetary policy, global financial assets are expected to decline by more than two percent – the first significant loss of assets since the 2008 financial crisis.
With regard to Germany, the Bundesbank came to the conclusion for 2022 that people in this country lost billions in total as a result of price falls on the stock markets last year. According to calculations by the Bundesbank, the assets of private households in the form of cash, securities, bank deposits and claims against insurance companies amounted to around 7254 billion euros at the end of the year, well below the record level of 7624 billion euros at the end of 2021. Germany's leading index, the Dax, lost 12.3 percent of its value last year. The MDax index for medium-sized stocks even recorded a minus of 28.5 percent. (lma/dpa)