Finance

Italy Ranks Eighth in the World for Financial Wealth: Here's How Millionaires Invest

In Italy, financial wealth decreased by 1.1%, settling at around 5,850 billion euros in 2024.

Italy Ranks Eighth in the World for Financial Wealth

According to the Global Wealth Report 2025, Italy remains in the top 10 of the world's richest nations by financial wealth, totaling 6.9 trillion dollars (equivalent to about 5.85 trillion euros). The data, referring to 2024, show a slight decline of 1.1% compared to the previous year, but the trend remains solid. In the Belpaese, there are 517,000 individuals with at least 1 million dollars in financial assets: a figure that confirms Italy's weight in the global wealth landscape.

Super-rich on the rise: by 2029 wealth to reach +9.455 trillion

Wealth is set to grow. According to forecasts by Boston Consulting Group (BCG), by 2029 the financial wealth of Italians could reach 9.455 trillion dollars, with an average annual growth of 6.5%. The number of ultra-rich will especially increase: millionaires with assets over 100 million will grow by 3%, while those with assets between 1 and 100 million will grow by 1%.

Where Italian millionaires invest

The typical portfolio of Italian millionaires is becoming increasingly dynamic. Today, financial wealth is distributed as follows: 40% in stocks and mutual funds; 25% in cash and deposits; 18% in life insurance and pensions; 8% in bonds.

Italy remains a strategic hub for wealth

Italy thus stands out for a greater propensity for risk compared to the Western European average, where equity investments account for only 32%. And according to BCG, this share will rise to 43% by 2029, surpassing even the global projection (42%).