France, Italy and Germany: Wealth Preservation report
French and Italian UHNW Populations Lose at Least One UHNWI Every Three Days Since the Start of 2012
Wealth-X‘ latest intelligence report on ultra high net worth (UHNW) populations in France, Italy and Germany, estimates that there are 22,612 individuals resident in France, Italy and Germany worth US$30 million or more. While 121 individuals have exited the French UHNW population and Italy’s UHNW population has lost 63 individuals, Germany has seen at least 231 new individuals join the ranks of the ultra wealthy. The combined wealth of the UHNW populations in France, Italy and Germany exceeds US$ 2.9 trillion.
“Our research indicates that the number of billionaires in Indonesia surpasses the numbers seen in France and Italy on an individual basis,” he said. “Such insight should prove invaluable for targeting decisions and strategies,” commented Mr. David Lincoln, Wealth-X Director of Research.
Contrary to conventional wisdom that wealth in Europe is largely inherited, Wealth-X research indicates that, as reflected by analytical data on the three countries included in this report, a large and growing proportion of the wealth that resides in Europe is self-created. Nonetheless, inherited wealth still inhabits an important space in UHNW populations.
The nature of wealth held in France, Italy and Germany analysed into self-created, inherited and both inherited and self-created categories may also help to explain differences in attitudes towards investment. Generally, UHNWIs whose fortunes are self-created tend to have higher risk appetites, while UHNWIs whose fortunes stems from inheritance may be more focused on wealth protection.
In France there are 15 billionaires, according to Wealth-X, the UHNW client development solution for bankers, marketers and fundraisers. This group of billionaires, representing the top 0.4% of the UHNW population, control 24% of the total fortune attributable to the ultra wealthy segment.
Germany is home to at least 16,156 UHNWIs with a combined net worth of US$ 2.16 trillion. There are 231 individuals who have joined the ranks of the ultra wealthy since the release of the World Ultra Wealth Report 2011. The German UHNW population has increased by 1.4%.
The report shows there are 71 billionaires in Germany. This group of billionaires, representing the top 0.43% of the UHNW population, control 19% of the total fortune attributable to the ultra wealthy segment. On average, these billionaires are worth almost US$ 5.84 billion each.
There are 655 individuals in Germany worth at least US$ 500 million to US$ 749 million and 1,580 individuals worth US$ 200 million to US$ 499 million. The lowest tier of the UHNW group represented by those worth US$ 30 million to US$ 49 million is the largest group, making up 46% of the total UHNW population in Germany. They have a combined fortune of US$ 290 billion or 13% of the total wealth of Germany’s ultra wealthy population.
On the luxury real estate front, the notion of real estate investment as a means of capital preservation continues to gain traction. UHNW investors, spooked by the shrinking stock of “safe” assets, have chosen to move funds into real estate in safe havens on the continent as well as neighbouring countries, such as the United Kingdom.
UHNW Population: 4279
Combined Wealth of UHNW population(US$): 505 billion;
UHNW Population: 2177
Combined Wealth of UHNW population(US$): 285 billion
UHNW Population: 16156
Combined Wealth of UHNW population(US$): 2185 billion