A survey by Credit Suisse bank shows that in 2026 there will be more than 87.5 million people with at least $1 million in assets, 40% more than last year’s 62.5 million.
According to the agency, the number will grow faster in emerging economies. China is expected to have 12.2 million millionaires in four years, almost double the current 6.2 million. According to the USA’s 2021 data, it is expected to reach 27.7 million millionaires with an increase of 3.2 million.
“Despite inflation and setbacks from the Russian invasion of Ukraine, we believe total global wealth will continue to grow,” the report says.
In 2021, global wealth rose 9.8% from 2020, the largest increase since the early 2000s, to $463.6 trillion.
“The gap between rich and less wealthy countries has narrowed, especially as low- and middle-income countries have grown faster,” said report author Anthony Shorrocks.
According to Credit Suisse, private wealth will increase 36% to $169 trillion by 2026, and wealth per adult will exceed $100,000 in two years. The number of ultra-high net worth individuals (over $50 million) would be 385,000.
However, global wealth inequality has increased during the pandemic.
“Some countries, such as Brazil, have provided substantial relief from the health crisis, but in most cases it has been quite limited. This means that young people who are more vulnerable to losing their job will likely reduce their savings, incur more debt and borrow less wealth”, says study.
Britain threatens Japan’s position
Behind the US and China, the percentage of global millionaires in Japan (5.4%) has been declining since the turn of this century, and their positions are now in the UK (4.6%), France (4.5%) and Germany (4.3%) ) is threatened by ). Canada (3.7%) and Australia (3.5%) follow.
Italy, Korea, the Netherlands, Switzerland and Spain are home to around 2% of global millionaires; Taiwan (Chinese Taipei), India, Sweden and the Hong Kong Special Administrative Region round out the list of countries with at least 1% of the world’s commercial dollar millionaires.
Inequality in Brazil: 1% of the population owns almost 50% of the wealth
The 1% of the wealthiest population in Brazil owns almost half (49.3%) of the national wealth, according to Credit Suisse.
According to the analysis, out of the ten countries analyzed, Brazil lags only behind Russia in comparing the earnings of the wealthiest in relation to the rest of the population.
How much (in %) of the national wealth the richest 1% of the population in each country owns:
- Russia: 58.6
- Brazil: 49.3
- India: 40.6
- USA: 35.1
- Germany: 31.7
- China: 30.5
- Canada: 25.0
- France: 22.3
- United Kingdom: 21.1
- Japan: 18.7
Compared to last year, Brazil saw a slight improvement in its inequality index with a 0.2 percentage point decrease.
source: Noticias
