Luxury home sales in mainland China's top cities are increasing as wealthy tech beneficiaries improve their housing, but analysts warn this is insufficient to revive the broader struggling real estate sector.
Germany ranks third globally with 1.78 million millionaires, a 11.1% increase last year, according to a Capgemini study. The US added the most millionaires, driven by AI enthusiasm, while European wealth grew 6.5%. Catholic states observe Fronleichnam holiday.
Several German states are observing Fronleichnam/Corpus Christi, a major Catholic holiday. Meanwhile, a new study reveals a record 25.3 million millionaires globally in 2025, with Germany ranking third.
The United States continues to dominate global high-net-worth individuals with over 18 million, far ahead of China's 5.5 million. France, Japan, and the UK cluster between 2.3-2.6 million, while Germany, Canada, Australia, and Italy round out the top 10. Emerging economies like India are showing faster wealth creation rates, reflecting digital growth and evolving business environments.
Hong Kong's ultra-high-net-worth individual population fell 3.3% to 6,788 in 2026 versus 2021, but is forecast to surge 25% to 8,485 by 2031. The city is gaining traction as a family office hub, benefiting from streamlined regulation, talent visa schemes, lower taxes and faster setup times. Globally, UHNWIs rose to 713,626 from 551,435, equivalent to 89 people daily crossing the $30 million threshold.
