Wealthy Austrians: Exploring The Affluent Population In Austria

Austria has seen a steady increase in the number of high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) since 2013. The total wealth of the adult population in Austria has also been increasing annually since 2015, with the first half of 2019 seeing the highest total wealth per adult during the years included. This raises the question: how many people in Austria are wealthy?

The number of high-net-worth individuals in Austria has increased over time

The number of individuals with a net worth of over $1 million in Austria has been recorded from 2013 to 2023, with the highest number of HNWIs in 2018 at 33,000. The number of ultra-high-net-worth individuals (UHNWI) in Austria has also been recorded from 2013 to 2023, with the highest number of UHNWIs in 2018 at 1,200. UHNWIs are individuals with a net worth of over $30 million excluding their primary residence.

The billionaire population in Austria has remained stable, with 8 individuals and no prediction to grow.

There are eight billionaires in Austria

Austria's adult population has seen its total wealth increase annually since 2015, with the first half of 2019 recording the highest total wealth per adult during the years included in the data. The total wealth of Europe's entire adult population also saw an increase during this period.

The high-net-worth individuals in Austria have a net worth of over US$1 million, excluding their primary residence. Ultra-high-net-worth individuals have a net worth of over US$30 million, also excluding their primary residence.

While the number of billionaires in Austria has remained constant, the increasing wealth of the country's adult population suggests that more individuals may join the ranks of high and ultra-high net worth individuals in the future.

The total wealth of Austrian adults has increased since 2015

The rise in wealth can be attributed to the growing number of high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWI) in Austria. HNWIs are defined as those with a net worth of over US$1 million, excluding their primary residence, while UHNWI refers to individuals with a net worth of over US$30 million, also excluding their primary residence. The population of HNWIs and UHNWI has been increasing over time, with projections of a 23% and 25% increase, respectively, by 2023.

While the number of billionaires in Austria has remained stable at 8 individuals, the overall increase in wealth among Austrian adults is evident. This trend highlights the growing concentration of wealth within the country, with a significant portion of the population accumulating substantial financial resources.

The factors contributing to this increase in wealth among Austrian adults can be multifaceted. It may be influenced by various economic, social, and political factors unique to Austria or reflective of broader global trends. Further analysis is required to understand the specific drivers behind this trend and its potential implications for the country's economic landscape and overall wealth distribution.

The number of ultra-high-net-worth individuals in Austria is projected to rise by 25% by 2023

Ultra-high-net-worth individuals are defined as those with a net worth of over US$30 million excluding their primary residence. This is a substantial amount of wealth, and the increase in the number of individuals in Austria who meet this criterion is notable.

The increase in the number of ultra-high-net-worth individuals in Austria is part of a broader trend of growing wealth in the country. This trend is reflected in the increasing total wealth of the adult population, as well as the growing number of high-net-worth individuals, which is projected to rise by 23% by 2023.

While the number of ultra-high-net-worth individuals in Austria is expected to rise, the number of billionaires in the country has remained stable, with 8 individuals and no prediction to grow. This stability in the number of billionaires contrasts with the increasing number of ultra-high-net-worth individuals, suggesting that wealth accumulation in Austria may be more prevalent in the lower tiers of ultra-high-net-worth status.

The first half of 2019 saw the highest total wealth per adult in Austria since 2010

Austria has also seen an increase in the number of high and ultra-high net worth individuals since 2013. High-net-worth individuals (HNWIs) are defined as those with a net worth of over US$1 million, excluding their primary residence, while ultra-high-net-worth individuals (UHNWIs) have a net worth of over US$30 million. The number of HNWIs and UHNWIs in Austria is projected to rise by 23% and 25% respectively by 2023.

In contrast, the number of billionaires in Austria has remained stable, with eight individuals and no prediction to grow.

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