In many longitudinal studies, self‐esteem has been shown to increase up until around age 50 or 60 and to decrease thereafter. These studies have also found substantial inter‐individual differences in the intra‐individual development of self‐esteem. In the current study, we examined whether this variation in change could be attributed to underlying latent classes of individuals following different trajectories of self‐esteem development over time. By applying general growth mixture modelling to data from the representative German pairfam study (N = 12 377), four latent classes of self‐esteem development across five years were extracted. Based on their mean levels, trajectories, and variability, individuals in the latent classes could be described as having (a) constant and stable high self‐esteem (29.00% of the sample), (b) constant but variable moderate self‐esteem (31.69%), (c) increasing and stabilizing self‐esteem (15.13%), and (d) decreasing and variable self‐esteem (24.18%). Furthermore, these latent classes differed in accordance with findings of prior research on self‐rated, partner‐rated, and objective correlates of the domains of health and well‐being, partner relationships, and occupational status. Thus, the current study shows that inter‐individual variation in intra‐individual change in self‐esteem is not random but reflects specific individual trajectories, or pathways, of self‐esteem. Copyright © 2016 European Association of Personality Psychology