More than 415,000 millionaire households in Belgium

The financial capability of European countries last year rose above the level of before the financial crisis in 2008s. In Belgium, the financial capability rose by nearly 20% between 2007 and 2013. The figures, published in the annual Wealth Report Europe from Swiss private banking group Julius Baer, take into account all income, shares, funds and real estate.

According to the bank, the increased financial capability of the Belgians translates to an average of €241,000 per person. Only Luxembourg (€432,000) and Switzerland (€395,000) are richer. The report shows that the richest 10% of Belgians possess 44% of the wealth, while 1% has 22% of the wealth.

Last year there were 415,117 households in Belgium with a financial capability of over €1 million, or 8.5% of all households. In terms of percentage, only Luxembourg (22.7%), Switzerland (13%) and the Netherlands (9.1%) have more.