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108,800 millionaires living in Belgium

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Belgium, a country in Western Europe, is known for its medieval old towns, Flemish Renaissance architecture and international headquarters of the European Union and NATO. The country is divided into 2 distinctive multilingual regions: Dutch-speaking Flanders to the north and French-speaking Wallonia to the south. The bilingual capital, Brussels, is home to ornate guildhalls at Grand-Place and an art nouveau-influenced European Quarter.Belgium has three official languages: Dutch, French and German. It is a small country of about 11.2 million people

The 2016 World Wealth Report by Capgemini Consulting reports that the number of millionaires living in Belgium increased by more than 6.5% last year to 108,800. This is stark different from their millionaire counterparts in other European countries in that they carry a relatively large amount of cash in their portfolios.

The report indicated that one-fifth of the capital assets in Belgium is 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.

It could be said that though with relatively large number of millionaires in Belgium, the wealth gap between the poor and the rich is not so big. Belgium remains one of those socialist states. The people are hard-working, love to work and safe and buying a house is the dream of every Belgian.

God is still saying something.

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