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Number of millionaires rise in Spain during 2016

Number of millionaires rise in Spain during 2016

MADRID: The number of multimillionaires in Spain has seen a surge over the last few years as the recovery gains speed in their ranks.

In 2014, 508 people declared assets worth more than €30.05 million, according to data released by the Spanish Tax Agency on Tuesday.

The figures show 8% growth from the previous year, representing 37 new members in the club of the super-rich.

Spanish residents who paid the wealth tax also admitted to owning jewels, fur coats, cars, boats and aircraft worth a combined €602 million. A further €503 million is invested in art and antiques.