Spain is one of the countries in the world with the most millionaires

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Question… of the million: how many millionaires are there in Spain? In the midst of the debate over the tax on large wealth, it is practically impossible to know the exact number of wealthy people taxed in Spain.

For example, if you look at the statistics of the tax agency regarding the declaration of property tax at the state level in the year 2020, then the number of settlements of more than 1.5 million euros will reach only 66,000 taxpayers. To that number those citizens should be added who pay 1.5 lakh, which is not available. The final figure would be between 100,000 and 150,000, based on estimates based on the figures at the bottom of the announcements.

For a more accurate number of millionaires, it would also be necessary to add citizens who live in the community of Madrid and who have a high net worth but do not reach two million. This is the extent of the obligation to submit the declaration, even if the tax exemption is 100%.

Pawn

If we go by the research conducted by the consulting firm Cap Gemini last June, we have a possible estimate of the number of Spanish millionaires. In their study, they counted some 246,500 holders of large assets (over a million dollars) in Spain in 2021, a 4.4% increase compared to 2020. According to these sources, Spain will be one of the twenty countries with the largest number of millionaires.


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A completely different calculation is the one just done by the Swiss entity Credit Suisse global wealth report , with 2021 figures: Spain will have 1.1 million people with a net worth of more than a million dollars. Notably, according to these sources, Spain closed last year with 1,132,000 millionaires, which is about 17,000 less than the previous year. Looking at Credit Suisse’s global graph, Spain is ranked among the top 15 millionaires worldwide. The dance of figures between different sources can be explained by the fact that, for example, habitual residence is exempt from property tax, which instead enters the global count of advisors.

Instead, there seems to be some consensus on who is the richest in Spain. Magazine’s latest list (April this year) Forbes Out of a total of 2,668 scattered around the world, 28 billionaires count, i.e. wealth of more than 1,000 million.

Among the leading trio, Amancio Ortega, founder of Inditex, with over 56,000 million euros; and his daughter Sandra Ortega, with more than 5,200 million euros, in second place; While Juan Rogue of Mercadona closed the platform with over 3,800 million available assets.


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Faced with so many illusions of data, we finally have to resort to Groucho Marx’s famous joke: “Happiness is made of little things, a little yacht, a little mansion, a little fortune”. The problem is, in Spain, no one agrees when it comes to “small” (or big).





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