Saturday 28 November 2020

The Netherlands has more millionaires, and one in five is a farmer

Laren has lots of millionaires. Photo: M.Minderhoud via Wikimedia Commons

A new report by the national statistics office CBS sheds light on the lives of Dutch millionaires, who now account for 1.4% of the population but control 44% of the wealth.

In total, the number of millionaires in the Netherlands rose by 500 to 106,200 in 2015, the CBS said. The agency defines a millionaire as someone with more than €1m in assets, excluding their own home and mortgage.

In total, the nation’s millionaires have combined assets of €309bn, or an average of €2.9m each. Their number has grown considerably since 2007 when there were 80,000 millionaires with combined assets of €231bn, the CBS said.

Some 80% of the millionaires are entrepreneurs of some sort – half have a majority shareholding in a company and one third are self-employed, such as models, djs and football players.

Farmers account for roughly 20% of the millionaires with dairy farmers accounting for a large proportion of them. The financial services sector is second on the list of millionaire jobs.

Happily married

Millionaires are most likely to live in Laren, Bloemendaal and Blaricum, where 10% of the local population is worth more than €1mln.

They are also more likely to be married – 71% compared with 45% among the rest of the population. Just 7% are divorced, half the general divorce rate.

They are less likely than the population as a whole to be overweight and to smoke, but they are more likely to drink. Golf and tennis are their sports of choice.

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