France Ranks Third in Global Millionaires' List Amid Real Estate Boom
France has become the third country with the most millionaires, driven by rising real estate values.
Key Points
- • France ranks third globally for millionaires, with 2,897,000 as per the Global Wealth Report 2025.
- • Millionaire threshold defined in dollars, about 870,000 euros.
- • Real estate values have significantly increased, influencing millionaire statistics.
- • The millionaire demographic is diverse, including many average citizens.
According to the 2025 Global Wealth Report, France has secured the third position globally in the number of millionaires, trailing only the United States and China. The report reveals that as of last year, there are 2,897,000 millionaires in France, a count significantly influenced by the appreciation of real estate assets. The millionaire threshold, defined in U.S. dollars, equates to approximately 870,000 euros, which encompasses total wealth including properties, vehicles, and savings while deducting debts.
The surge in the number of millionaires is particularly linked to the skyrocketing property values throughout the country, with the average price per square meter for older properties rising 2.7 times since 2000 and by 3.4 times specifically in Paris. This real estate boom has allowed many individuals who invested in properties valued around 300,000 euros decades ago, to now qualify as millionaires. Interestingly, the composition of this millionaire demographic is diverse; it includes many everyday citizens rather than a small elite of ultra-wealthy individuals.
The findings underscore the changing landscape of wealth in France, emphasizing that the definition of a millionaire extends beyond what is traditionally perceived as extreme wealth, reflecting a broader economic prosperity among French residents.