BRICS millionaire surge set to outpace the G7The number of millionaires in BRICS nations is expected to jump 85 percent in a decade - faster than that in G7 countries
India is predicted to lead the BRICS bloc with a 110 percent increase in wealth per capita by 2033, followed by Saudi Arabia with a 105 percent expansion,
China is forecast to enjoy a wealth growth of 85 percent in the next decade.
The original BRICS cohort comprising Brazil, Russia, India, China and South Africa has expanded to include Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates.
The BRICS bloc now represents more than 45 percent of the world's population and accounts for nearly 36 percent of the global gross domestic product of G7 countries, which stood at 30 percent.
There are currently 1.6 million individuals with investable assets of over US$1 million (HK$7.8 million) in the group.
China's private wealth grew by 92 percent in the last decade with 862,400 millionaires, the report found, while India follows in second place with 326,400 millionaires and wealth growth soaring by 85 percent.
Source: The Standard
https://www.thestandard.com.hk/section- ... ace-the-G7
It's all about "how much you made when you were right" & "how little you lost when you were wrong"