According to the 2016 World Wealth Report by Capgemini Consulting, the number of millionaires living in Belgium increased by more than 6.5% last year to 108,800.
Belgium’s wealthiest differ from their millionaire counterparts in other European countries in that they carry a relatively large amount of cash in their portfolios. The report reveals that one-fifth of the capital assets in Belgium are held in the bank, nearly one-fourth in real estate and less than 19% in equities. This reflects the “conservative nature of the average Belgian,” Capgemini says in De Standaard.
