POST Online Media Lite Edition



 

Number of multimillionaires on rise in Spain

Staff Writer |
In 2014, 508 people declared assets worth more than €30.05 million, according to data released by the Spanish Tax Agency.

Article continues below






The figures show 8% growth from the previous year, representing 37 new members in the club of the super-rich.

Wealth tax statistics also show that taxpayers who declared assets of between €48,000 and €60,000 fell by 18%.

It is unclear whether this reduction means that some of them now have fewer assets, or whether they in fact have more and have moved up a tax bracket.

A total of 181,874 people filed wealth tax statements worth a combined €555.5 billion. Most of this combined wealth is accumulated in company stock and shares (€223.9 billion). Another €75 billion is kept in SICAVS, collective investment vehicles popular in Western Europe.

Wealthy Spaniards also admit to having a combined €53.8 billion in their bank accounts. They also possess real estate worth €99.5 billion, as well as billions more in insurance and other assets.


What to read next

Spain's vehicle production up 13.6 percent in July
Spain receives 12 million tourists in Q1
Spain receives 3.67 million international tourists in February