Almost 5,000 Irish people joined the millionaire club last year, due to a combination of rising asset and property values.
Not only that, but the wealthy are expected get even wealthier, according to the Wealth Report 2017 from estate agent Knight Frank, which says at least 24,900 more Irish people will be millionaires by 2026.
As reported in The Irish Times, there were 83,100 dollar millionaires in Ireland last year – with assets of more than $1 million (€950,000), not including their personal homes.
The number of multimillionaires with over $10 million rose by 160 to 2,760, while 50 Irish people entered the holy kingdom of the “ultra-high net worth” (over $30 million) to join the 840 other lucky members.
The reassuring news, however, for us penny savers, is that there were no new Irish billionaires last year, with the figure staying at five.
The report also shows that Dublin city is home to a third of Ireland’s millionaire population, at a seemingly huge 28,200.
In comparison, Paris has 110,900 millionaires, Berlin has 32,800, Brussels is home to 34,700 millionaires, while Buenos Aires is home to 15,400.
Maybe if we had have saved that communion money we'd be almost on our way to joining in...