Wealthy people in the Netherlands seem to be getting richer and richer. By 2020, the number of Dutch billionaires will increase for the sixth consecutive year, according to new figures released by Statistics Netherlands (CBS).
Almost 300,000 billionaires in the Netherlands
As of January 1, 2020, the wealth of a whopping 278.000 households in the Netherlands is at least € 1 million, an increase of more than 24.000 households compared to 2019. Since 2014, the number of millionaires has steadily increased. CBS believes this increase is due to higher home prices and stock prices.
Of these households, 64.1% had wealth of 1 to 2 million, while 2.9% had wealth of at least € 10 million. The percentage of this bracket has gradually increased over the past few years. Bloemendaal and Laren are, of course, the municipalities with the highest percentage of millionaires, while North Holland is the state with the highest proportion of millionaire households.
The average wealth of wealthy households is 1.6 million
In 2020, the average family wealth was € 56.000, while the average wealth of a millionaire family was € 1.6 million. Most of this wealth consisted of significant interest and business capital (45%), but only 21% consisted of the value of one’s home.
However, statisticians take into account the fluctuating value of money, and keep in mind that € 1 million in 2008 could generate far more income than in 2020. At least € 1 million has risen only about 35.000 since 2008.
The number of billionaires in the Netherlands has increased for the sixth consecutive year
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