The number of dollar millionaires fell last year in Austria and worldwide. According to the consultancy firm Capgemini, the number of people with liquid assets of more than a million dollars in Germany fell by 6,400 or 3.4 percent to 170,000. In the same period, the wealth of dollar millionaires in Austria fell by 4.2 percent to around 439 billion euros.
The drop in Austria was slightly stronger than the world average, which also saw the sharpest decline in a decade with a minus of 3.3 percent to $21.7 million millionaires. The value of the wealth of all the world’s dollar millionaires fell 3.6 percent to $83 trillion, the company said in its latest World Wealth Report. This was due to geopolitical and macroeconomic uncertainties.
Strongest drop in North America
North America saw the strongest drop in assets (-7.4 percent), followed by Europe (-3.2 percent) and Asia/Pacific (-2.7 percent). In contrast, Africa, Latin America and the Middle East showed resilience and recorded financial growth in 2022, driven by strong developments in the oil and gas sector.
According to Capgemini, the World Wealth Report 2023 presented Thursday covers 71 markets, which account for more than 98 percent of global gross national income and 99 percent of global market capitalization.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
