Number of Millionaires in Spain up 13%
October 17th, 2013
Despite the crisis, between mid-2012 and the first half of 2013, the number of people in Spain with a net worth of at least one million dollars (740,000 euros) increased by 13.2%, to a total of 402,000 people, according to a study carried out by leading global financial services company, Credit Suisse.
Specifically, the number of millionaires in Spain during the period under review increased by a total of 47,000 people, which is the eighth largest increase in absolute terms among the major world economies, but the sixth in relative terms.
In this sense, Credit Suisse noted that the increase observed in Spain and other eurozone countries is explained by the strength of the exchange rate of the euro against the dollar, as well as the increases in the European stock markets.
However, despite this significant increase, the number of millionaires in Spain represents only 1% of the global total, far from the 42% of millionaires resident in the U.S., which accounts for the largest percentage of millionaires.
According to El Mundo, among the major world economies, the number of millionaires in the U.S. reached a total of 13.21 million (+14.6%), followed by France with 2.21 million (+14.9%), Germany with 1.73 million (+14.6%), the United Kingdom with 1.52 million (+8.2%), Italy with 1.44 million (+9.5%), China with 1.12 million (+8.7%), Canada with 993,000 millionaires (+4.7%), Sweden with 506,000 (+24.6%) and Belgium with 269,000 millionaires (+16.4%).