InvestIdeas

By 2024, global wealth per adult should pass the US$100,000 threshold and that the number of millionaires will exceed 87 million individuals over the next five years.

By the end of 2021, global wealth totaled an estimated US$463.6 trillion, which is an increase of 9.8% versus 2020 and far above the average annual 6.6% recorded since the beginning of the century.

Individuals with assets worth more than US$50 million, referred to as ultra-high-net-worth (UHNW) individuals, grew by 46,000 in 2021 to a total of 218,200.

The US continues to rank highest with over 140,000 UHNW individuals (with wealth above US$50 million) followed by China with 32,710 individuals.

There were 62.5 million millionaires at the end of 2021, 5.2 million more than the year before.

The number of US-based millionaires increased by 2.5 million last year, bringing the total number in the country to 62.5 million individuals.

The US currently holds the largest number of millionaires in the world.

China, which harbours 10% of the world's millionaires, comes in second place, followed by Japan, the UK, and France.