“The number of Germans with financial assets exceeding $100 million rose by 1,100 to 5,000 over the past year. This figure was determined by management consultants at BCG based on banking data and information from asset managers. This small group holds more than a quarter of the country's wealth—totaling around $3.4 trillion, or an average of $680 million per ultra-wealthy individual.
There are 700,000 individuals who possess at least $1 million in financial assets, and they hold the next quarter of the total wealth. In its analysis, BCG concludes: "Wealth concentration at the top continues to rise—those with more capital can diversify more broadly and invest in higher-yield asset classes such as equities or private equity." "This structurally accelerates wealth accumulation," says BCG partner Michael Kahlich. This description of the facts is accurate. Yet the opportunity to diversify assets widely and invest in high-yield asset classes is no longer the exclusive preserve of millionaires and multi-millionaires. The 24 percent return recorded last year for stocks and funds was available to everyone. Exchange-traded funds (ETFs) are available without sales charges and often with annual fees of less than 0.1 percent, covering Germany, Europe, or even the entire globe. You cannot get more diversification than that. It is not rocket science. For those who do not yet have a large fortune to invest in stocks, there is a wide range of commission-free savings plans available in every conceivable configuration.
Saving 50 or 100 euros a month always means foregoing consumption today, but it is feasible and pays off.
It won't make you a multi-millionaire—that usually requires an inheritance or a successful business startup.
However, it does make a comfortable retirement more likely.
The claim that stocks are overvalued is another excuse that is trotted out time and again—whether the DAX was at 10,000 points twelve years ago or at 25,000 points today. What gets overlooked is that these share prices are backed by the real value of successful companies—companies that do good business globally and share in the growing prosperity of ever-larger segments of humanity.
The skepticism toward capital markets found in German politics is a problem: those who are informed and take the initiative to manage their own finances grow their wealth.
In contrast, the vast majority—80 percent—who do not own stocks or funds are falling behind.
This group includes almost everyone for whom high-yield saving would make the most sense—specifically those with below-average incomes and savings—rather than relying on the state and the statutory pension system throughout their lives and, above all, in old age.” [1]
1. Von Reichen lernen. Frankfurter Allgemeine Zeitung; Frankfurt. 28 May 2026: 23. Von Daniel Mohr
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