Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

The wealth map in Turkey has undergone a dramatic transformation in the last five years. The number of people reaching millionaire status has gained an amazing momentum.



In 2020, there were 308,278 people in the millionaire category, while in 2024 this number almost skyrocketed to 1,828,934, nearly six times higher. And in 2025? The graph became even steeper: 2,736,415.

The number of millionaires has nearly increased ninefold in five years. Behind this explosion are the dynamics of inflation, the property boom, and the valuation effect created by the exchange rate. Of course, being a millionaire in lira terms and the purchasing power are different stories. But still, these figures reveal the liquidity flow in the economy and the speed of asset accumulation.

This volatility in wealth distribution is running parallel to the interest in cryptocurrencies and alternative assets.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
rekt_but_vibingvip
· 11-22 14:07
being a millionaire in lira😅 it's just a numbers game
View OriginalReply0
faded_wojak.ethvip
· 11-19 17:33
The millionaires on paper have increased by several million again, it's so funny, this must be the magic of inflation... what about real purchasing power?
View OriginalReply0
ArbitrageBotvip
· 11-19 17:32
Ninefold rise sounds impressive, but what about real purchasing power? It's just paper wealth, a game of lira devaluation.
View OriginalReply0
WalletDetectivevip
· 11-19 17:29
Haha, this "wealth creation" trick under Turkey's current inflation has been seen through by me. The lira's depreciation has literally turned people into "millionaires". This number game is really absurd. That's why I still believe in crypto. At least on-chain assets won't be eroded by inflation.
View OriginalReply0
MEVictimvip
· 11-19 17:24
Haha, this is the illusion of wealth, a game of numbers on paper. Nine times the rise sounds great, but what about real purchasing power? Lira is depreciating, houses are rising, and the money in hand is becoming less valuable. This is also why more and more people are turning to encryption; they have to find something that can outpace inflation. The numbers look nice, but the story is incomplete; you have to look at actual asset allocation to know who really made money. Turkey's economy this time really relies on asset renewal and currency depreciation support, which is a bit dangerous. Wait, doesn't this indicate that liquidity is escaping from fiat at an accelerated rate? Those new "rich" people may have already allocated to real estate and crypto. It feels like while data is being hyped, real wealth is quietly shifting.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)