Millionaire's Shortbread Recipe (2024)

Last Updated on: August 2, 2023

Millionaire’s Shortbread is a rich, decadent treat made up of three layers: a shortbread crust, chewy golden caramel, and thick chocolate ganache.

I don’t know about you, but to me, it doesn’t get any better than that.

Because millionaire’s shortbread has three layers, you might find it intimidating to make. Luckily, it’s actually not complicated at all.

In fact, you can whip up these shortbread bars in just over an hour! Plus, it’s so delightful, it’s worth the effort.

So, why eat regular shortbread when you can have millionaire’s shortbread instead?

Millionaire's Shortbread Recipe (1)

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What is Millionaire’s Shortbread?

For those of you who may have heard of millionaire shortbread before but have never really seen or tried it yet, here’s the gist.

It’s a 3-layer cookie bar made of three distinct layers.

  1. The shortbread crust
  2. A layer of chewy golden caramel
  3. A thick chocolate ganache topping.

Imagine a gourmet version of the famous Twix candy bar.

And while no one knows exactly how it got its name, we’re guessing it’s because of the rich, decadent flavor.

But you don’t have to be crazy rich to make these delightful treats! Anyone can make this tasty dessert. In fact, kids love to join in on this one.

All you need are a few simple ingredients that you probably already have in your pantry. Check out what you’ll need below.

Ingredients

For the Shortbread Layer

  • Flour. All-purpose is fine.
  • Butter. The butter should be cold and sliced, not room temperature.
  • Sugar. Plain, granulated sugar works well.

For the Caramel

  • Butter. I use salted butter, but you can go with unsalted if you prefer.
  • Condensed milk. Make sure to get condensed milk, not evaporated. They aren’t the same thing.
  • Maple syrup. Go with real, pure maple syrup for this recipe. Don’t use the imitation stuff; it doesn’t work as well.

For the Chocolate Ganache

  • Chocolate. Select your favorite chocolate – whatever you like best!

How to Make Millionaire’s Shortbread

Part I: Shortbread Layer

  1. Preheat oven to 350 degrees Fahrenheit.
  2. Combine flour and butter cubes and pulse in the food processor until you form a fine breadcrumb mixture.
  3. Add sugar and mix until incorporated. Voila, you’ve made your shortbread mixture!
  4. Next, pour the shortbread mixture into a 9×9-inch baking pan lined with parchment paper.
  5. Press the shortbread down to create a firm crust in the pan.
  6. Bake at 350 degrees Fahrenheit for 30 minutes or until golden.
  7. Set aside and let the shortbread cool to room temperature.

Part II: Caramel

While the shortbread is cooking, it’s time to make the caramel topping.

  1. Mix butter, maple syrup, and condensed milk in a saucepan over medium heat.
  2. Keep stirring until you form a smooth mixture.
  3. Increase the heat and bring mixture to a boil.
  4. Continue stirring until the mixture is thick and golden brown.
  5. Let it cool for a bit before proceeding.

Once the caramel is cool, pour it over the shortbread. Set aside to let the caramel cool completely.

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Part III: Chocolate Ganache

  1. Melt the chocolate. There are two methods to choose from:
    • Melt in a bowl over a pan of boiling water, or
    • Cook in a microwave oven. Microwave in 20-second intervals and stir in between. Repeat until the chocolate is 75% melted. Stir until the chocolate is smooth and melted.
  2. Pour the chocolate over the cooled caramel.
  3. Refrigerate for an hour to allow the ganache to cool.
  4. Slice into squares. Wipe the knife after each slice with a wet paper towel to make life easier.
  5. Take a photo of the finished product, upload it on Instagram, and let your followers drool over your masterpiece.
  6. Serve to family and friends. Best eaten with a cup of coffee or warm milk.

Tips & Tricks

  • Balance out the sweetness. Drizzle some sea salt to really make the chocolate and caramel flavors pop! It adds a nice crunch to the snack as well.
  • Don’t overheat the chocolate. When melting chocolate with a microwave, do not microwave for over 20 seconds at a time to avoid overheating and curdling.
  • Make them prettier. Swirl some white chocolate into your dark chocolate ganache, and you’ll look like a pro in your friends’ eyes!
  • Use this trick to save time. Instead of making the shortbread from scratch, combine crushed shortbread cookies and melted butter. It may not taste as good as freshly baked shortbread, but it’s still so good and saves you a lot of time.
  • Use any type of chocolate you prefer. I like using half milk chocolate and half semi-sweet chocolate. You could even use white chocolate. It’s totally up to you!
  • Substitute something else for maple syrup. Maple syrup is best. But if you don’t have any, you can use corn syrup or golden syrup instead.

Can You Freeze Them?

You can freeze millionaire’s shortbread, but you’ll need to freeze them individually. Here’s what to do:

  1. Cut them.
  2. Wrap each piece separately in a layer of plastic wrap.
  3. Wrap the plastic-wrapped pieces in aluminum foil.
  4. Place the pieces in a large, freezer-safe Ziploc bag.
  5. Label and date the bag.
  6. Stick it in the freezer.

You can freeze the dessert for up to 3 months. Let them thaw in the fridge overnight before serving them.

If you don’t want to freeze them, store them in an airtight container at room temperature. They should last about 5 days.

Millionaire's Shortbread Recipe (2)

Millionaire’s Shortbread Recipe

Prep time

30

minutes

Cooking time

30

minutes

Calories

267

kcal

Ingredients

  • For the Shortbread:
  • 1 1/2 cups all-purpose flour

  • 12 Tablespoons (3/4 cup) butter (cold and sliced)

  • 7 Tablespoons sugar

  • For the Caramel:
  • 11 Tablespoons (2/3 cup) butter

  • 10 oz can condensed milk

  • 7 Tablespoons maple syrup

  • For the Chocolate:
  • 12 oz chocolate (choose your favorite)

Instructions

  • Part I: Shortbread
  • Preheat oven to 350 degrees F (180 degrees C)
  • Combine flour and butter cubes and pulse in the food processor until you form a fine breadcrumb mixture.
  • Add sugar and mix until incorporated. Voila, you’ve made your shortbread mixture!
  • Next, pour the shortbread mixture into a 9×9-inch baking pan lined with parchment paper. Press the shortbread down to create a firm crust in the pan. Bake at 350 degrees Fahrenheit for 30 minutes or until golden.
  • Set aside and let the shortbread cool to room temperature. While the shortbread is cooking, you can prepare the caramel.
  • Part II: Caramel
  • Mix butter, maple syrup, and condensed milk in a saucepan over medium heat. Keep stirring until you form a smooth mixture. Increase the heat and bring mixture to a boil. Continue stirring until the mixture is thick and golden brown. Let it cool for a bit before proceeding.
  • Pour the caramel over the shortbread. Set aside to let the caramel cool completely.
  • Part III: Chocolate Ganache
  • Melt the chocolate. The simplest way is to microwave in 20-second intervals and stir in between. Repeat until the chocolate is 75% melted. Stir until the chocolate is smooth and melted.
  • Pour the chocolate over the cooled caramel. Refrigerate for an hour to allow the ganache to cool.
  • Slice into squares and enjoy! Goes really well with a cup of coffee or warm milk.

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Millionaire's Shortbread Recipe (2024)

FAQs

What is the mistake in making shortbread? ›

The most common mistakes when making shortbread are over-working the dough, and incorporating too much flour.

What's the difference between millionaire shortbread and billionaire shortbread? ›

What's the difference between millionaire shortbread and billionaire shortbread? Millionaire shortbread has a caramel centre, billionaire shortbread has a decadent salted caramel centre. Can shortbread biscuits be frozen? Yes shortbread cookies and biscuits (even with caramel and chocolate) freeze perfectly.

What does millionaire shortbread contain? ›

With buttery layers of crumbly shortbread, sticky caramel made with our creamy Carnation Condensed Milk and rich dark and white chocolate, these little squares really hit the jackpot! If you like to make your own shortbread, try our Classic Millionaires Shortbread recipe.

Can I use Carnation caramel instead of condensed milk? ›

For my filling, I simply swap the condensed milk for tinned carnation caramel (a.k.a. dulce de leche) instead. This tinned caramel is actually made from sweetened condensed milk so it's essentially the same thing but it's pre-caramelised for you!

What not to do when making shortbread? ›

The key with shortbread is not to overhandle it. Make the dough exactly as instructed, but don't mess around making shapes or over rolling the dough - you will end up with delicious but tough biscuits. Stretching and pulling the dough activates the gluten in the flour, making chewy cookies and not crisp ones.

Should you chill shortbread dough before baking? ›

Step 3: The Secret to the Absolute Best Shortbread

After shaping the cookies, don't rush to the oven! Instead, chill the dough in the refrigerator for 30 minutes or so (overnight is OK, too). A short stay in the fridge will firm up the cookies and solidify the butter. This will help keep them from spreading too much.

What country makes the best shortbread? ›

Buttery, crumbly, melt-in-the-mouth magnificence. We can only be talking about Scottish shortbread. The finger-licking favourite of foodies in and outside Scotland. So simple, yet outrageously flavoursome and addictive.

Why use unsalted butter in shortbread? ›

Unsalted butter is most commonly called for in baking recipes. Unsalted butter has a very neutral, creamy flavor—a great base for many baked goods. In baking, precise measurements are key for achieving the right flavor and texture. This even extends to small amounts of ingredients like salt.

What is another name for millionaire shortbread? ›

Caramel shortbread, also known as caramel squares, caramel slice, millionaire's shortbread, millionaire's slice, chocolate caramel shortbread, or Wellington squares is a biscuit confectionery composed of a shortbread biscuit base topped with caramel and milk chocolate.

Why is the caramel not setting on my millionaire shortbread? ›

If your caramel is too soft, you didn't do it for long enough, so should definitely be kept in the fridge. You want to use a good quality pan if you can, as some pans have a very thin base.

Why is it called Millionaire shortbread? ›

The “millionaire's” to millionaire's shortbread means added decadence to the dessert, which is an upgrade from regular shortbread. So there are three main parts to this recipe. The shortbread, the caramel, and the chocolate ganache.

What is a fun fact about shortbread? ›

Traditional shortbread comes in either rounds, fingers or “petticoat tails” – delicate triangles cut from a larger circle, made to resemble the petticoats which medieval ladies, like Mary Queen of Scots would have worn. The larger circle shape was the most common historical form, and is said to represent the sun.

What happens when you use evaporated milk instead of condensed? ›

For the most part, if you find yourself without condensed milk on hand, you can substitute an equal amount of evaporated milk. The consistency will be the same, but since evaporated milk is unsweetened, you'll need to add sweetener to match the recipe's intended flavor profile or to suit your personal preference.

What is the closest thing to sweetened condensed milk? ›

Cream of coconut is a great substitute for sweetened condensed milk, giving a hint of tropical flavor. It's dairy-free and can be substituted cup for cup. The thick consistency of cream of coconut closely resembles sweetened condensed milk, allowing for similar richness in many recipes.

Is Carnation caramel the same as dulce de leche? ›

Carnation Caramel

Caramel is a ready-made authentic Dulce de Leche caramel that is easy to use in baking and as a topping. With no added colours, it makes an ideal no-fuss filling for Banoffee Pie.

Why did my shortbread fail? ›

There are a variety of reasons why the shortbread could be damp underneath but it is most likely that either the dough is being pressed out too thickly, the pan is not metal so heats up too slowly, or the oven temperature is too high causing the top to brown before the bottom has cooked sufficiently.

What are the disadvantages of shortbread? ›

Sugar provides a fast source of energy. There are rarely any artificial additives. Cons: Shortbread is a weight watcher's nightmare because it is extremely high in saturated fat and calories. Saturated fat is the 'bad' fat which is linked to artery-clogging high cholesterol and heart disease.

What happens if you over mix shortbread? ›

It's important to avoid over-mixing shortbread dough, which will develop gluten and make the finished product tough, not tender. To make sure that the flour mixes completely with little effort, sift the flour first to get out all of the lumps.

How can you tell if shortbread is underbaked? ›

Begin checking at the tail end of the cooking time. Undercooked shortbread will be doughy and chewy. Slightly overcooked and it will become chalky, brittle and hard.

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