The number of Danes with over a million dollars in investable assets decreased by 2.3% last year, according to the World Wealth Report by Capgemini. This translates to 2,840 Danes falling off the list of dollar millionaires, even with decent stock market returns in 2024.

While Denmark saw a slight dip, Europe as a whole experienced a decline in dollar millionaires due to economic stagnation in major countries like the UK, France, and Germany.

Despite the decrease in the number of millionaires, the total wealth held by the remaining 117,050 richest Danes remained largely unchanged, at 1871 billion DKK. Søren Luplau-Pagh, Managing Director of Capgemini Denmark, noted that wealth appears to be consolidating among the very richest.

In Denmark, the majority of dollar millionaires, specifically 109,420, possess between one and five million dollars in investable assets. Another 7,270 Danes fall into the five to 30 million dollar range, while the ultra-rich, with over 30 million dollars, number 360. The collective investable fortune of these 360 ultra-rich Danes totals 26.7 billion dollars.

The number of dollar millionaires in Denmark remains below the 2021 level of 123,300. Globally, the number of individuals with over 30 million dollars grew by 6.2% last year.