Global private financial wealth increased by 7.4 percent in 2025’te; This significantly outperformed inflation, which fell below 3% ’ in each of the key economic areas. In ’, Germany, it was 2.2 percent. This is according to the ‘Global Asset Report 2026’, published today by management consulting Boston Consulting Group (BCG).
Growth is primarily driven by strong stock markets
The main factor in the increase in wealth was the performance in the stock markets last year. As of the reporting date of December 31, 2025, total wealth in ’, Germany, was around USD 23.3 trillion. More than half of this is held in real estate, especially real estate.
BCG refers to people with financial assets over $100 million as ‘super-rich ’ or ‘Ultra High Net Worth Individuals’ (UHNWI’s). In ’, Germany, this group currently consists of about 5,000 people; That's roughly 1,100 more than a year ago. There are just under 97,000 super-rich individuals worldwide, and more than a third of them live in the United States.
Much of the wealth is concentrated in this small group: Around 5,000 super-rich, Germany accounts for 27.3% of all financial wealth in ’. For the comparison: The total shares of approximately $769,000 millionaires (people with financial assets between one and $100 million) are 25.5 percent’ and therefore have a smaller share than the super-rich alone. Around 66 million people in ’, Germany, whose financial assets are under $250,000, oppose it.
Wealth gap continues to expand
According to Der Spiegel’in, BCG partner Michael Kahlich, ‘, the concentration of wealth at the top continues to increase, ’ says. Wealthy people are able to diversify their assets more broadly and invest more heavily in high-yield asset classes such as stocks or private equity. Kahlich, ‘This is structurally accelerating wealth accumulation, ’ says. According to BCG’, the share of the super-rich in Germany's financial wealth is expected to continue to grow until 2030’.
Despite the downward trend, Germany still accounts for about a third of ’'s financial wealth in cash and current, fixed-term and savings accounts, according to Stern magazine. Twenty-five percent are tied to life insurance policies and pensions.
Politically explosive figures
According to BCG’, the relatively weak culture of equity investment in Germany is one of the reasons why ’'s net wealth is expected to grow slower than Western European and global averages in the coming years. This adds structural burdens such as a largely stagnant economy, demographic change, and poor productivity growth.
The new data is also expected to fuel internal discussions on the coalition's tax policy. The federal government is currently scrambling over how to finance a major reform package. SPD’ initially advocated higher taxes on wealthy, conservative politicians such as Saxony’'s minister-president Michael. KretschmerThey have recently signaled that they are open to higher taxes on large fortunes.
