In this article, we will analyze the population of the ultra-high net worth individuals (UHNWI) in Europe. UHNWI are individuals with a net worth of over $30 million. First, we will rank 22 European countries as per the number of UHNWIs. We will also present the data for the UHNWIs as a percentage of total population in those countries. Then, we will rank 15 European cities as per the number of UHNWIs. We will also present the data for the UHNWIs as a percentage of total population in those cities. We have used the UHNWI population data from ‘The Wealth Report 2019’ by Knight Frank (more details are provided at the bottom of the article).
Country- and City-wise Data Availability
The Knight Frank wealth report provides the country-wise UHNWI population data for the following 22 European countries:
Germany, United Kingdom, Switzerland, France, Spain, Italy, Sweden, Netherlands, Norway, Austria, Belgium, Denmark, Ireland, Portugal, Greece, Luxembourg, Poland, Czech Republic, Monaco, Romania, Hungary, Cyprus
The Knight Frank wealth report provides the city-wise UHNWI population data for the following 15 European cities:
- Austria: Vienna
- France: Paris
- Germany: Berlin, Hamburg, Munich
- Greece: Athens
- Ireland: Dublin
- Italy: Milan, Rome
- Spain: Madrid
- Sweden: Stockholm
- Switzerland: Geneva, Zurich
- United Kingdom: Edinburgh, London
We have analyzed and presented the data for these European countries and cities only in this article.
Number of UHNWI in the Europe
There were 198,342 UHNWIs in the world during 2018. Of those, Europe had 70,627 UHNWIs. Europe has over one-third of the UHNWIs in the world – the highest of all the regions.
The following charts show the increasing share of Europe of the global UHNWI population over the last five years and the UHNWI population projections for the next five years.
Number of UHNWI by the European countries
Germany had 14,047 UHNWIs during 2018. This represents nearly 20% of the total of 70,627 UHNWIs in Europe. The United Kingdom ranks second with 12,559 UHNWIs (18% of the Europe total). Switzerland ranks third with 4,768 UHNWIs. France ranks fourth with 4,505 UHNWIs. Together, the top-4 countries account for over half of the Europe UHNWI population.
If we look at the number of UHNWIs as a percentage of the country’s total population, Monaco ranks first. 0.573% of the Monaco total population are UHNWIs. Luxembourg ranks second. 0.114% of the Luxembourg total population are UHNWIs. Switzerland ranks third. 0.056% of the Switzerland total population are UHNWIs. This also means that 56 of 100,000 people in Switzerland are UHNWIs. In Romania, 1 of every 100,000 is UHNWI.
The charts below provide the UHNWI population for 22 European countries and the UHNWI share of their country’s total population.
Number of UHNWI by European Cities
If we look at the UHNWI population by cities in Europe, London ranks number one with 4,944 UHNWIs. The share of London in the Europe UHNWI total population is about 7%. Paris and Zurich rank second and third with 1,667 and 1,507 UHNWIs respectively.
If we look at the number of UHNWIs as a percentage of the total city population, Zurich ranks first. 0.37% of the Zurich total population are UHNWIs. This also means that 37 of 10,000 people in Switzerland are UHNWIs. Geneva ranks second. 0.27% of the Geneva total population are UHNWIs. In Berlin, 1 of every 10,000 is UHNWI.
The charts below provide the UHNWI population for 15 European cities and the UHNWI share of their city’s total population
The data source for the UHNWI population data in this article is the ‘The Wealth Report 2019 (13th Edition)’ by Knight Frank. The report further mentions GlobalData WealthInsight as the data source. The number of countries and cities in our article is limited by the data freely available in the Knight Frank report.
The Knight Frank report further provides the data for the millionaire population and the billionaire population. In our previous articles, we have provided a detailed analysis of the global millionaire population, the global billionaire population, and the global UHNWI population.