Millionaire decline in Germany: Press real estate prices!

Millionaire decline in Germany: Press real estate prices!

Frankfurt, Deutschland - Germany is faced with a worrying trend: The number of dollar millionaires drastically decreased in 2024. According to the current World WEALTH Report 2025 by Capgemini, the number of High Net Worth Individuals (HNWI) in Germany has dropped by more than 40,000 1.646 million to 1.605 million. This corresponds to a decrease of 2.5 percent. In return, countries such as the USA and Japan have significant growth.

worldwide, however, the situation is very different. Globally, the number of millionaires rose by 2.6 percent to 23.4 million, and the assets that can be assumed achieved a record high with $ 90.5 trillion. North America and Asia were particularly successful while Europe stagnated. The strongly falling real estate prices in Germany, which make up a significant part of private assets, are considered the main cause of this decline. Cities like Munich, Frankfurt and Hamburg are particularly affected.

conservative investments and their effects

Another important point that contributes to this trend is the conservative investment of many Germans that leaves traces in the return. In comparison, the share of the stock of millionaires in Germany rose to around 22 percent, which is positive, but is not sufficient to reverse the overall trend. The gross domestic product (GDP) shrank by 0.2 percent last year, while the DAX increased by 18.6 percent in the same period.

The report by Capgemini, which was presented in Frankfurt on Tuesday, emphasizes the massive differences between the different regions of the world. While the number of millionaires increase from 7.431 million to 7.993 million in the United States, Europe, the Middle East and Latin America, recorded a decline. Only in Africa there was a slight increase in millionaire numbers.

outlook for future asset transfers

The "large financial transfer" will be estimated to hand over around $ 83.5 trillion to the younger generations by 2048, with 56 percent of these assets flowing to women. The Next-gene HNWIS (generations X, Y, Z) have new requirements for asset management: they demand more digital, flexible and growth-oriented approaches. The advice and digital services of banks and asset managers must therefore adapt to bind these customers. Trust, sustainability and individualization are becoming increasingly important.

Despite the weakening in the number of millionaires, the total assets of all millionaires in Germany were nevertheless increased by $ 6.32 trillion. This discrepancy shows that the decline is not necessarily associated with a loss in the wealth area: The associated challenges for German prosperity.