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Here's how many multi-millionaires Ireland gained last year

Some people are doing very well.

Spiralling property prices have left some people counting their money.
Spiralling property prices have left some people counting their money.
Image: Shutterstock

IRELAND GAINED ALMOST 5,000 dollar millionaires last year according to research by a wealth analysis and property firm.

The country had 83,100 people with assets of over $1 million last year, said the latest Wealth Report by Knight Frank.

That’s up from 78,400 in 2015 and the firm predicts there’ll be more that 100,000 millionaires in the country by 2026, 108,000 to be exact.

The healthy increase in some people’s wealth is driven largely by increases in property prices.

The report describes Ireland as a “star performer” alongside Indonesia and the US in global real estate terms, having grown returns by 14.7% over the past five years.

The report also looked at the super rich in Irish society and counted the number of multi-millionaires and even billionaires.

The number of people in Ireland with wealth greater than $10 million is estimated at 2,760, 160 more than 2015.

A total of 890 people are estimated to be worth greater than $30 million and 95 people are ‘centa-millionaires’ with more than $100 million.

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Ireland didn’t gain any new billionaires last year with five people already beyond that threshold.

Of the 83,100 millionaires in Ireland, Dublin accounts for 28,200.

Lisbon, another EU capital with a similar population to Dublin, has 19,000 millionaires.

Read: One in 40 people living in Dublin is a millionaire, according to a new survey >

Read: Outsourced Central Bank staff paid an average daily rate of €551 >

About the author:

Rónán Duffy

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