Billionaires & Millionaires in Malta (2023)

As of 2023, Malta — population ~530,000 — hosts a small but notable ultra-wealthy cohort:

Billionaires (2)

1. Silvio Debono — ~$1.2B — DB Group (luxury hotels, real estate, construction, catering)
2. Joseph Portelli — ~$1.1B — Mercury Towers, pharmaceuticals, online gaming (Betsson, etc.)

Millionaires (Est. ~1,200)

Individuals with net worth ≥$1M. Growth drivers:

• Citizenship-by-Investment (IIP): €750K+ contribution + property → EU passport. Attracted 1,500+ HNWIs since 2014.
• Gaming & Fintech Hub: 300+ iGaming companies (Malta Gaming Authority); blockchain/crypto friendly.
• Real Estate: Golden Visa (€300K+ property) + limited land → price appreciation.
• Corporate Tax Efficiency: 35% headline, but effective ~5% via refunds — attracts holding companies.

Wealth Distribution

• Top 1% hold ~25% of national wealth (Credit Suisse).
• Gini coefficient: ~0.38 (moderate inequality).
• Many "millionaires" are paper-wealthy via property; liquid wealth lower.

Sources: Forbes, Credit Suisse Global Wealth Report, Malta Residency Agency, industry estimates.