The case

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Source: CS’ Global Wealth Report 2022

The commentary

More and more rich people! According to the report, the number of millionaires will exceed 87 million people in the next five years (2021: 62.5 million people with assets of at least $1 million). The number of ultra-rich with assets of more than $50 million (UNHWI) is expected to rise to 385,000 people (264,200 at the end of 2021 ). More than half of all UHNWIs currently reside in North America, while Asia-Pacific countries (including China and India) are home to more than 67,000 super-rich. But the supremacy of the USA will erode, experts say. Given limited GDP growth and the possibility that asset prices will fall again after peaking at the end of 2021, the number of US millionaires is expected to increase by 13% over the next five years. In emerging markets, the number of millionaires is expected to grow faster. The number of millionaires in China will almost double to around 12.2 million by 2026 (Source: CS Report and finews).

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