The club of dollar millionaires grew strongly worldwide in the second year of Corona. Thanks to the economic recovery and higher stock prices, the rich also amassed more wealth.
According to data from consulting firm Capgemini, the number of people with investable assets of at least $1 million rose 7.8 percent last year to 22.5 million. In 2021, their net worth grew 8 percent year-on-year to a record $86 trillion. “Looking back over the past few years, things are steadily improving,” said Capgemini expert Klaus-Georg Meyer.
Most of the wealth in just four countries
At the top of the countries with the most dollar millionaires are the US (7.46 million), followed by Japan (3.65 million) and Germany (1.63 million). China follows Germany in fourth place with 1.54 million high net worth individuals. In total, 63.6 percent of all dollar millionaires worldwide are concentrated in these four countries.
Annual World Wealth Report
Recently published studies on the subject come to a similar conclusion, even though the numbers are not identical due to differences in methodology. Capgemini’s annual World Wealth Report covers equities, fixed income, alternative investments such as private equity, cash and real estate when not used by the company. This does not apply to collections or consumer goods.
Source: Krone
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
