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The number of ultra-wealthy individuals in Turkey has nearly doubled over the past five years
Invest in Turkey with Confidence.
"In Turkey, the number of ultra-wealthy individuals has nearly doubled over five years, May 06 — DDA News.
The number of individuals with a net worth exceeding $30 million in Turkey has nearly doubled over the past five years, rising from 2,174 to 4,208. These figures were reported by Ekonomim, citing the international The Wealth Report 2026 by Knight Frank.
Analysts project that by 2031, the number of ultra-wealthy residents in the country will increase by another 13%, reaching 4,772. Concurrently, the number of billionaires is expected to grow from the current 35 to 46.
Wealth growth in Turkey has proven to be among the highest in the world. In terms of the growth rate of ultra-wealthy citizens, the country ranked third, trailing only Poland and Qatar, while outpacing Romania and many developed European economies.
Meanwhile, the global number of individuals with capital exceeding $30 million grew by 29% over the past five years, from 551,000 to 713,000. The primary contributors to this growth in the affluent population were the United States and China.
Experts note that the rising number of wealthy citizens directly impacts the stability of the domestic real estate market. Unlike several countries in Asia or the Persian Gulf, where the market largely depends on foreign capital or a limited number of local residents, Turkey boasts a large and rapidly enriching population.
It is precisely this domestic demand from Turkish investors and entrepreneurs that remains one of the main pillars of the country's real estate market. Even during periods of global instability, local capital continues to actively invest in residential properties, commercial real estate, and land assets.
Demographics serve as an additional factor of stability. Turkey’s population exceeds 85 million people, and the emerging class of affluent citizens continues to expand. This creates a sustained demand for high-quality real estate—both for personal residence and capital preservation.
Analysts project that by 2031, the number of ultra-wealthy residents in the country will increase by another 13%, reaching 4,772. Concurrently, the number of billionaires is expected to grow from the current 35 to 46.
Wealth growth in Turkey has proven to be among the highest in the world. In terms of the growth rate of ultra-wealthy citizens, the country ranked third, trailing only Poland and Qatar, while outpacing Romania and many developed European economies.
Meanwhile, the global number of individuals with capital exceeding $30 million grew by 29% over the past five years, from 551,000 to 713,000. The primary contributors to this growth in the affluent population were the United States and China.
Experts note that the rising number of wealthy citizens directly impacts the stability of the domestic real estate market. Unlike several countries in Asia or the Persian Gulf, where the market largely depends on foreign capital or a limited number of local residents, Turkey boasts a large and rapidly enriching population.
It is precisely this domestic demand from Turkish investors and entrepreneurs that remains one of the main pillars of the country's real estate market. Even during periods of global instability, local capital continues to actively invest in residential properties, commercial real estate, and land assets.
Demographics serve as an additional factor of stability. Turkey’s population exceeds 85 million people, and the emerging class of affluent citizens continues to expand. This creates a sustained demand for high-quality real estate—both for personal residence and capital preservation.
According to Oxfam, the combined wealth of the world's billionaires reached a record $18.276 trillion in 2025. In Turkey, meanwhile, the aggregate fortune of the country's 30 top billionaires was valued at $73.8 billion at the end of last year.
Against the backdrop of this domestic capital growth, Turkey is steadily strengthening its position as one of the region's most stable and liquid real estate markets—particularly when compared to countries where the market relies predominantly on foreign buyers or a limited circle of ultra-wealthy residents.
Against the backdrop of this domestic capital growth, Turkey is steadily strengthening its position as one of the region's most stable and liquid real estate markets—particularly when compared to countries where the market relies predominantly on foreign buyers or a limited circle of ultra-wealthy residents.
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