Phoenix 24
Europe’s wealth expansion is accelerating unevenly across the continent.
PARIS, FRANCE — July 2026. France added approximately 34,600 dollar millionaires during 2025, equivalent to 95 people every day or nearly one every 15 minutes. The country’s millionaire population increased by 1.5 percent to around 2.39 million. The figures measure net wealth in U.S. dollars rather than annual income.
The United Kingdom recorded Europe’s largest increase in absolute terms, adding more than 43,000 millionaires—or roughly 118 each day. Spain followed closely with more than 32,000 new members, averaging 90 daily. Italy and Germany each added over 24,000.
Eastern Europe produced the continent’s strongest percentage growth. Lithuania led with an 8 percent increase, followed by Türkiye at 6.4 percent, Latvia at 5.7 percent and Hungary at 5.3 percent. Ireland expanded by 5.2 percent and added nearly 9,500 dollar millionaires.
Worldwide, almost one million people crossed the million-dollar threshold in 2025. The United States generated 441,078 of them, representing nearly half of the global increase. More than 23.6 million of the world’s estimated 57.5 million dollar millionaires now live in the United States, compared with almost 15 million in Western Europe.
The classification includes financial assets and property after subtracting debts. Exchange-rate movements, housing values, retirement savings and investment incentives can therefore change millionaire numbers without producing equivalent gains in household income. A rising millionaire population does not necessarily indicate that wealth is being distributed evenly.
Europe is creating wealth rapidly—but the gains remain concentrated and deeply unequal.