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Ireland has 125,000 dollar millionaires

Staff Writer |
’s number of dollar millionaires grew by 15,000 last year as the average Irish adult’s wealth rose by 7.8 percent to $248,466 (€210,716), amid rising house prices and financial investments.

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This is according to data from Credit Suisse. Some 125,000 adults in Ireland now qualify as millionaires in dollar terms, according to data published online by the Swiss banking group following the publication last week of its Global Wealth Report 2017.

Additional figures provided by Credit Suisse to The Irish Times show the group expects the rate of wealth growth by the average Irish adult to slow down to an average annual rate of 3.6 percent over the next five years.

Non-financial wealth, mainly comprised of property, increased 6.7 percent in the 12 months to the end of June, to an average of $175,515, while financial wealth, including savings and pensions, expanded at a similar pace to $124,580.

The figures were boosted by a 3 percent increase in the value of the euro against the dollar during the period.

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