Spain has fewer millionaires, but they are richer: what do the wealthy invest in?
Cap Gemini publishes its annual report, revealing that there are 246,600 people with more than $1 million in investable assets in Spain.
BarcelonaSpain lost millionaires last year, dropping from 250,600 to 246,600, but the wealth of those who are part of this select club continued to grow. These are some of the report's conclusions. Global Wealth 2025, published by the consulting firm Capgemini.
Unlike other countries, the number of high net worth investable individuals (HNWIs)—which includes those with assets of $1 million or more, not including their primary residence or collectibles—decreased by 1.6%. However, the country remains in 15th place among the 25 countries worldwide with the largest millionaire population.
This group typically operates through companies and other instruments that reduce tax burden. In fact, according to the latest available 2022 income tax statistics (IRPF), only about 15,000 taxpayers in Spain filed taxes of more than €601,000.
Despite the evolution in the total number of millionaires, the value of the wealth of those who reached this threshold continued to grow, with an increase last year of almost 1%, equivalent to 7.1 billion dollars, up to a total of 733.55 billion in 2024. 4.2%, according to Capgemini.
Venture capital and cryptocurrencies
The study also found that, overall, alternative investments were gaining ground among the wealthiest. This is especially true among the wealthiest millennials (born between 1982 and 1994) and Generation Z (born between 1997 and 2012). Artificial intelligence (AI) The United States leads the number of millionaires, with a 7.6% increase to 7.9 million.
