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Individual wealth in Europe - statistics & facts

High net worth individuals (HNWIs) are those with a net worth over one million U.S. dollars, referring to financial assets and not real assets, such as real estate, land, and vehicles. The European country with the highest number of HNWIs in 2020 was the United Kingdom, followed by Germany and France. The number of HNWIs in the United Kingdom peaked in 2020, reaching around 2.49 million individuals. The country with the highest number of HNWIs worldwide was the United States, with a number of dollar millionaires that was almost eight times as high as the number in the United Kingdom.

Ultra high net worth individuals

To be considered an ultra-high-net-worth individual (UHNWI) you must have a net worth of over thirty million U.S dollars. In the entire population of Europe, under 78,000 individuals could be classified ultra-wealthy as of 2019. The European country with the highest wealth of UHNWIs in 2020 was Germany, followed by France, the United Kingdom, and Switzerland. High-net-worth individuals in Europe had a combined wealth of approximately 17.46 trillion U.S dollars in 2020, compared to the combined wealth of the European adult population being around 103.2 trillion U.S dollars.

How is HNWIs’ wealth allocated?

Total assets of HNWIs include several types of assets: equity, cash and cash equivalents, real estate, fixed income, and alternative investments. The largest share of worldwide HNWIs’ accumulated assets is allocated to equity, which accounts for almost one third of the total assets of HNWIs worldwide, followed by the second largest share which is allocated to cash and cash equivalents. In Europe, the share of assets allocated to equity was lower than on a global scale – around one fourth of total assets – while still being the largest share. In Western Europe, a larger share of the assets, including both financial and real assets, are in real assets, such as real estate, land, fine art, etc.

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