Turkish Lira Millionaires: 2.74 Million in 2025 | BDDK Data

Number of Lira Millionaires in Türkiye Reaches 2.74 Million

The number of bank account holders in Türkiye with balances of at least 1 million Turkish lira has continued to rise sharply, reaching 2,736,415 people in 2025, according to the latest data from the country's Banking Regulation and Supervision Agency (BDDK).

Strong Growth Over Five Years

Official statistics show a dramatic increase in lira millionaires:

• 2020: 308,278
• 2024: 1,828,934
• 2025: 2,736,415

This represents almost a ninefold increase within five years.

What Is Driving the Surge?

Analysts point to several key factors behind the rapid rise:

High Inflation and Asset Revaluation
With Türkiye experiencing elevated inflation in recent years, reaching the 1 million TL threshold has become increasingly accessible. The figure, once a symbol of financial strength, now reflects a significantly lower real purchasing power.

Growth in Business and Investment Sectors
Developing industries — particularly real estate, finance, and technology — have contributed to higher nominal incomes and savings.

Increase in Bank Deposits
More citizens are holding larger sums in bank accounts, which directly affects BDDK's quarterly millionaire statistics.

Outlook

Experts expect the number of lira millionaires to continue rising as long as inflation remains high and monetary conditions persist.

⚠️ Important Note: However, they caution that the increase is largely nominal, not necessarily reflecting a genuine improvement in wealth.

"The statistics show a rise in millionaires measured in lira, but not necessarily in real purchasing power. With high inflation, 1 million TL is no longer a strong indicator of true financial prosperity," financial analysts note.

Background

BDDK — Türkiye's Banking Regulation and Supervision Agency — regularly publishes data on the financial status of individual bank accounts. The millionaire statistics are updated quarterly and represent the total number of residents whose bank balances equal or exceed 1 million Turkish lira.