Overview
- Capgemini's World Wealth Report published June 4 shows Germany's dollar‑millionaires rose about 11.1 percent in 2025 to roughly 1.78 million and their combined investable wealth grew about 12.7 percent to roughly $7.1 trillion.
- The report credits booming equity markets—including a reported ~23 percent gain in the DAX—and falling inflation as the main drivers that boosted stock allocations and raised portfolio values.
- Wealth gains were uneven: the very‑wealthy (those with investable assets ≥ $30 million) grew fastest and the top 1 percent of millionaires now hold roughly one‑third of global millionaire wealth.
- Capgemini measures investable assets only (stocks, bonds, cash, alternatives and non‑owner‑occupied real estate) and excludes primary residences and many personal goods, with figures based on surveys and modelled estimates rather than direct headcounts.
- Political fallout began immediately, with calls from Die Linke for a new wealth tax and wider debate over capital gains and estate rules, a discussion that could affect tax policy, municipal budgets and access to public services if pursued further.