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Millionaires choose to live in Düsseldorf

The Local · 1 Mar 2012, 07:00

Published: 01 Mar 2012 07:00 GMT+01:00

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Düsseldorf clocked up 378 “income millionaires” in 2007 it was revealed this week – giving it a one-in-1,537 millionaire rate.

Nearly a quarter of these gilded Germans can be found in the suburb of Meerbusch, where 98 of the 553 inhabitants were income millionaires, recently released information from federal statistics offices show.

But while 4,206 income millionaires lived in the industrial state of North Rhine-Westphalia in 2007 – a figure that had almost doubled since 2004 – the eastern states of Mecklenburg Western-Pomerania, Saxony-Anhalt and Thuringia did not have a single of the six-figure earners to their name.

Hot on the heels of Düsseldorf came Munich, which had one income millionaire for every 1,586 resident, while Frankfurt came third with one per every 1,821 resident.

Many of Germany’s 17,000 millionaires were also found in the country’s idyllic villages in Bavaria.

Grünwald, for example, had the highest rate of all with a one-to-105 million-earner rate, Die Welt reported on Wednesday.

The Hessian village of Königstein in Taunus came in second, with one inhabitant per 174 earning over €1 million a year. Closely behind was another leafy Bavarian oasis, in which one in every 230 of its residents was sitting pretty.

The figures from 2010, which will reflect how the country’s earning elite faired during the recent recession, will be published in 2014.

Story continues below…

DPA/The Local/jcw

The Local (news@thelocal.de)

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Your comments about this article

12:51 March 1, 2012 by trengo
Ruhr Valley city? you mean rhein
15:18 March 1, 2012 by Cartooncat
Since when was Meerbusch a suburb of Düsseldorf? We're a town in our own right!
17:00 March 1, 2012 by AlexR
I remember that some time ago Wiesbaden was the first. What happened? Did all Wiesbaden millionaires move to Düsseldorf?
18:00 March 1, 2012 by vonSchwerin
"But while 4,206 income millionaires lived in the industrial state of North Rhine-Westphalia in 2007 . . . the eastern states of Mecklenburg Western-Pomerania, Saxony-Anhalt and Thuringia did not have a single of the six-figure earners to their name."

I thought that 1.000.000 is seven figures.
18:26 March 1, 2012 by Virginia Hill
What I think? Since January 2005, I have lived very happiliy in Kassel. After 32 years of living in London! Let me tell you what is so good here to live in my late 50s:

1) there are very few VERY RICH people inKassel. GOOD! coz they are inhuman.

2) compared to other German federal states, there are few children in poverty.

3) My flat is lovely, my neighbours are nice, and there is alw2ays something going on. Plus the fact I can easily book Eurostar from here to visit my family in the UK.
22:31 March 1, 2012 by derExDeutsche
'there are very few VERY RICH people inKassel. GOOD! coz they are inhuman.'

well, I think you are inhuman.
08:30 March 2, 2012 by Gretl
"Many of Germany¦#39;s 17,000 millionaires were also found in the country¦#39;s idyllic villages in Bavaria."

Make fun of them all you like: they obviously are doing something right. If Germany is propping up the EU, and Bavaria is propping up Germany, then Bavaria is really propping up the EU.
12:23 March 2, 2012 by Cartooncat
Meerbusch actually has 55,300 inhabitants (rather than 553) - which means the 98 income-millionnaires aren't such a high proportion....
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