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Where do the world's millionaires live? Where do the world's millionaires live?
(about 2 hours later)
Despite a challenging economic environment, total global wealth has hit a new record high, rising by $20.1 trillion between mid-2013 and mid-2014, an increase of 8.3%, to reach $263 trillion – more than twice the $117 trillion recorded in 2000.Despite a challenging economic environment, total global wealth has hit a new record high, rising by $20.1 trillion between mid-2013 and mid-2014, an increase of 8.3%, to reach $263 trillion – more than twice the $117 trillion recorded in 2000.
This, according to a report by Credit Suisse on global wealth. Here are the study’s main findings: This, according to a report by Credit Suisse on global wealth.
Nearly 4 million adults worldwide saw their net worth exceed $1 million over the past year Here are the study’s main findings:
Nearly four million adults worldwide saw their net worth exceed $1 million over the past year
More than 40% of the world’s millionaires lives in the USMore than 40% of the world’s millionaires lives in the US
The US also leads in terms of the ultra-rich, which Credit Suisse defines as those with wealth above $50 million.The US also leads in terms of the ultra-rich, which Credit Suisse defines as those with wealth above $50 million.
Unsurprisingly, wealth is primarily concentrated in developed economies. Credit Suisse in fact notes that “emerging-market wealth growth has not been able to maintain its momentum from the pre-crisis period between 2000 and 2008”. Unsurprisingly, wealth is primarily concentrated in advanced economies
Credit Suisse expects that in the coming years, the rate of wealth growth will likely exceed its long-term average level, and will rise by 40% in the next five years. Credit Suisse in fact notes that “emerging-market wealth growth has not been able to maintain its momentum from the pre-crisis period between 2000 and 2008”.
A significant amount of this growth is expected to come from emerging markets In the coming years the rate of wealth growth will likely exceed its long-term average level, and will rise by 40% in the next five years. The wealth share of emerging markets is expected to pick up pace again.
Finally, how things may look for millionaires in 2019