Berlin: Around 5,000 ultra-rich individuals now control more than a quarter of Germany’s total financial wealth, according to the latest “Global Wealth Report 2026” released by Boston Consulting Group. The report highlighted a sharp rise in wealth concentration across Germany as strong stock market gains boosted private financial assets worldwide in 2025.
According to BCG, global private financial wealth grew by 7.4% last year, significantly above inflation levels across major economies. In Germany, inflation stood at 2.2% during the same period.
Germany’s total wealth reached nearly $23.3 trillion (€20 trillion) by the end of 2025, with more than half linked to real assets, mainly property and real estate investments.
BCG classifies individuals with financial assets exceeding $100 million as Ultra High Net Worth Individuals (UHNWIs). Germany’s ultra-rich population increased to nearly 5,000 people in 2025, up by around 1,100 compared to the previous year.
The report said this small group alone now controls 27.3% of Germany’s total financial wealth.
In comparison, around 769,000 dollar millionaires, individuals holding financial assets between $1 million and $100 million, collectively account for 25.5% of the country’s wealth.
Meanwhile, approximately 66 million people in Germany have financial assets below $250,000, reflecting the widening wealth gap in Europe’s largest economy.
“The concentration of wealth at the top is continuing to increase,” BCG partner Michael Kahlich said in comments cited by German media reports.
According to the report, wealthier investors benefit from broader diversification opportunities and greater exposure to high-return investments such as equities and private equity markets.
Despite rising investment activity, traditional savings products continue to dominate German household finances. Nearly one-third of financial wealth remains held in cash, savings accounts, and fixed deposits, while another 25% is invested in life insurance and pension products.
BCG warned that Germany’s relatively cautious investment culture could slow future wealth growth compared to global and Western European averages.
The consultancy also pointed to structural economic challenges including weak productivity growth, demographic pressures, and a stagnant economic outlook.
The findings are expected to fuel political debate within the German government over taxation and wealth redistribution, as policymakers continue discussions on financing major reform plans.
