Super-rich in Germany: BCG finds about 5,000 individuals hold more than a quarter of financial wealth
BCG’s 2025 Global Wealth Report finds the number of super-rich in Germany rose to about 5,000, holding $3.4T and 27% of national financial wealth in 2025.
Germany’s concentration of private wealth intensified in 2025 as a small group of ultra-high-net-worth individuals captured a growing share of financial assets, according to Boston Consulting Group’s Global Wealth Report. The study reports roughly 5,000 people in Germany now qualify as “super-rich” — each with more than $100 million in financial assets — up by about 1,100 from the previous year. That cohort controlled approximately $3.4 trillion, or 27.3 percent, of the country’s financial wealth, signaling a pronounced shift in asset distribution.
Number of super-rich rises to about 5,000 in 2025
The report defines super-rich individuals as those with financial assets exceeding $100 million, equivalent to roughly €86 million at recent exchange rates. BCG estimates the count of these households in Germany increased by approximately 1,100 between 2024 and 2025. The consultancy projects their share of German financial wealth will climb further to about 29 percent by 2030, underscoring an ongoing trend toward greater concentration at the top.
Super-rich hold more than a quarter of Germany’s financial wealth
The super-rich’s $3.4 trillion in holdings represent more than a quarter of Germany’s total financial wealth, which BCG places at $12.4 trillion for 2025. This concentration contrasts with the broader population: some 66 million adults in Germany with financial assets below $250,000 collectively own about 35.9 percent of financial wealth. The disparity highlights how a small number of very large portfolios can shape national wealth statistics and market dynamics.
Multimillionaires and super-rich control the majority of assets
Beyond the super-rich, the study identifies roughly 700,000 multimillionaires who, together with the super-rich, command a majority share of financial assets. Combined, these groups—multimillionaires plus the approximately 5,000 super-rich—hold about 52.8 percent of Germany’s financial wealth. Meanwhile, about 3.2 million people with assets between $250,000 and $1 million account for roughly 11.3 percent, placing the vast bulk of wealth in the hands of a comparatively small upper tier.
Asset classes driving gains: equities and real estate
BCG attributes much of the super-rich’s gains in 2025 to strong stock market performance, which disproportionately benefits large, diversified portfolios able to access equities and private equity. Financial assets in Germany rose nearly 18 percent last year, while total net wealth increased by about 15 percent to $23.3 trillion. Real assets—primarily real estate—also expanded, reaching $13.4 trillion and making up more than half of total assets, even as household liabilities edged up to $2.5 trillion.
Savings habits and shifting investment patterns among German households
Despite the surge at the top, German households remain comparatively conservative in their investment behavior, with deposits and cash still prominent across the population. BCG notes that ETFs, listed stocks, and other market-based instruments are steadily gaining traction, yet cultural factors and demographic pressures limit broader participation. An aging population, weaker economic growth and a historically cautious approach to equities continue to temper asset accumulation for many households.
Global context and methodology of the BCG study
The BCG Global Wealth Report places Germany in the context of a broader worldwide increase in private wealth: global net wealth climbed about 9 percent to $550 trillion, with financial assets up nearly 11 percent—the largest annual rise since 2021. Internationally, the United States led with $147 trillion in financial wealth, followed by China with $41.5 trillion, Japan with $15.6 trillion and Germany with $12.4 trillion. The analysis covers 97 markets representing roughly 98 percent of global economic output and draws on data from more than 100 banks and asset managers.
Policy makers, asset managers and civil society groups are likely to scrutinize the implications of rising concentration, as shifts in where wealth sits can influence political dynamics, investment flows and fiscal debates. Michael Kahlich, a BCG partner and co-author of the report, summarized the trend succinctly: “Wealth concentration at the top continues to increase,” noting that those with larger portfolios can spread risk and access higher-return asset classes more easily.
The BCG report’s findings raise questions about access to capital markets, tax policy and the resilience of middle- and lower-wealth households to economic shocks. As Germany’s financial landscape evolves, monitoring who benefits from market gains will be central to discussions on inequality, economic policy and long-term financial stability.
