The number of constant-price sterling millionaires in Britain has reached its lowest level since 2008, according to economic think tank the Adam Smith Institute.
The think tank's millionaire tracker, an annual estimate for the number of millionaires in Britain based on data from the Office of National Statistics, has estimated the number of constant-price sterling millionaires is 442,000. This is the lowest level since the 2008 global financial crisis and is 7% lower than 2024. The Adam Smith Institute defines a constant-price sterling millionaire as an adult British resident who has at least £1m in individual net worth, across all real and financial asset classes, including pensions and property, measured in constant 2025 prices. The rese...
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