Europe's ultra-high-net-worth individuals club is expanding rapidly. The number of people with at least $30 million in wealth rose 26% over the last five years, adding 37,428 new members between 2021 and 2026, according to Knight Frank's Wealth Report 2026.
Germany leads Europe with 38,215 UHNWIs. The UK ranks second with 27,876, followed by France with 21,528. Switzerland has 17,692 and Italy 15,433. Spain, a major European economy, is home to 9,186 ultra-rich individuals.
In percentage terms, Poland saw the highest growth, with its ultra-rich population more than doubling at 109%. Turkey surged 94%, and Romania 93%. Greece, Czechia, and Portugal each recorded at least 50% growth.
The report notes rising tax and regulatory pressures are accelerating wealth mobility. UHNWIs are increasingly organizing their lives across multiple jurisdictions, actively managing tax, lifestyle, and political risk.