10 Nov, 2017 @ 15:15
1 min read

MILLIONAIRE’S ROW: Balearic households have combined wealth of a million euros

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RICH RESIDENTS: Number of millionaire's is rising

MORE than 7,000 Balearic residents are worth more than a million euros.

The number of millionaire households rocketed by 14% between 2012 and 2015, new data shows.

Altogether, 7,317 residents declared a wealth of more than seven figures, according to the government’s tax agency.

The combined wealth of all the islands’ millionaires was more than €20 billion.

The Tax on Patrimony is paid by everyone on the island with wealth of more than one million euros.

Staff Reporter

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