the brick once again showed which side it plays
While young Spaniards increasingly it is more difficult for them to emancipateand the price per square meter keeps breaking recordsthere is another Spain that went well in 2025. Very, very good, in fact. The same year in which buying an apartment in Madrid or Barcelona became harder than ever, Almost 13,100 people added a million dollars in assets to their assets, according to pointed he World Wealth Report 2026 prepared by the consulting firm Capgemini. The stock market and housing did all the work. According to the report, the growth in the number of millionaires that our country gained did not fall from the sky. It has three very specific engines: the stock market, the bank and the brick. The Ibex 35 closed 2025 with an increase of 49%, the highest in 32 years, which took the Spanish stock market capitalization to exceed one trillion euros and reach almost the level of GDP. For those who had money in the stock market, it was a very good year. Banks alone rose almost 96% in the year, and the sector contributed 18.5 billion in net profits, 5.1% more than in 2023. The housing market added another push. Real estate investment exceeded 18,450 million euros in 2025, 31% more than the previous year, the best figure since 2018. The average price per square meter reached historical highs, with double-digit increases in large cities. For whom already had real estate assetseach floor was worth more. For those who wanted to access housing, things were getting complicated. There are richer, richer. As the report reveals, the state of wealth in Spain has improved throughout 2025, but the global context contextualizes it better. On a global scale, the wealth ofThe great assets grew 8.7% during 2025. This represents the greatest advance since 2018, reaching 98.3 trillion dollars in the hands of the richest 1.1% of the population. The figure is a record, and the number of millionaires on the planet became 25.3 million, almost 2 million more than in the 2024 count. The Capgemini data corroborates something that other reports such as the ‘Millionaire Tracker’ report prepared by the British Adam Smith Institute, which pointed to Asia as one of the poles with the greatest potential for growth in terms of wealth. Asia-Pacific led with a 10.5% growth in large fortunes, followed by the US, which added 736,000 new millionaires, more than any other country, and already has 8.7 million. In Spain the number of millionaires is also growing. Within the European framework, Germany grew by 11.1% in its high-net-worth population, while Spain advanced, but was not the fastest, rising to 14th place in the ranking of the top 25 countries by ultra-rich population. However, in Spain that wealth only grew 5.3% (3.4% below the global average) creating 13,100 new millionaires with capital of more than one million dollars available to invest, excluding the value of their residence and consumer items. According to Capgemini estimates, that leaves a total of 259,700 millionaires in Spain who meet that requirement. The financial wealth of this ultra-rich population also increased in Spain in 2025, registering a growth of 6.7%, reaching a total of 672,112 million euros as a whole. Those who earn the most are those who already had more. There is one piece of information that gives an idea of the level of concentration of wealth in a few hands. Only 1% of the high net worth accumulate 34.8% of all the wealth of that group. And the segment that grew the most in 2025 was not the “poorest” millionaires, but the group of millionaires among millionaires: people with more than 30 million in assets. Their number rose by 9.4%, while their wealth rose by 9.7%, above the group as a whole. This phenomenon of concentration is not new, but it is repeated with more intensity. The reason has to do with access to capital. Those who have more available capital can invest in assets that give more returns in private capital, alternative funds, investment structures that the small investor cannot access. The report indicates that 68% of large net worth companies intend to increase their exposure to private capital. Access to this world of large investments is not available to everyone, and that widen the gap even among the richest 1.1% of the population. In Xataka | “I am a millionaire and I don’t know what to do with my life”: a millionaire is looking for ideas because money has not given him happiness Image | Unsplash (Jp Valery)