Europe's top economies may be stalled, but the region's super wealthy posted strong wealth gains in 2012, according to a new study.
The report, from Wealth-X, a wealth research firm, said the number of people worth $30 million or more in Germany, Switzerland, France and Italy grew 6 percent in 2012. Their combined fortunes surged 13 percent to $3.4 trillion.
Germany posted the strongest gains, with the ultra-wealthy growing 6 percent to 16,734, with total fortunes of more than $2 trillion. Switzerland's ultra-rich saw their fortunes grow 15 percent.
Even France—often portrayed as the country of wealth flight rather than wealth creation—saw its super-wealthy population grow 5 percent and fortunes gain 12 percent.
Wealth-X attributed the improvements to smart investing. "Smart investments and prudent estate planning among the UHNW (ultra-high-net worth) individuals in these economies explain why they performed better than other European nations in the current economic climate," said Wealth-X President David Friedman.