2024-07-10 15:09:12
Business
Economy
Finance

The Surging Population of New Millionaires Worldwide

Recent reports from UBS and BCG highlight a significant increase in global wealth since 2008, with improved wealth distribution. The number of people with assets under $10,000 has decreased, while those with assets between $10,000 and $100,000 has significantly risen.

Notably, the count of millionaires continues to grow, with leading contributions from countries like the United States, China, and the United Kingdom. Israel has also experienced a surge in average wealth, reaching $260,000 per adult, although growing economic inequality persists.

In Germany, the super-rich have notably increased their financial assets, widening the wealth gap with less affluent individuals. Conversely, Vietnam has emerged as a standout, with the fastest growth in millionaires globally, nearly doubling in numbers between 2013 and 2023. This trend indicates a notable shift in global wealth distribution, suggesting a surge in the population of new millionaires worldwide.

The press radar on this topic:

finews.ch: Treffpunkt der Finanzwelt
10. Juli 2024 um 12:49

Millions of New Millionaires

Economy
Finance
The UBS report shows that global wealth has been increasing since 2008 and wealth distribution has improved. The share of people with assets under $10,000 has halved, while the share with assets between $10,000 and $100,000 has more than tripled. Furthermore, the number of millionaires continues to grow, led by the United States, China and the United Kingdom.
Globes - News
11. Juli 2024 um 11:40

UBS: Average wealth in Israel rose in 2023

Economy
Finance
According to the UBS Global Wealth Report, the average wealth in Israel rose by 14% in 2023 to $260,000 per adult, ranking the country 18th globally. However, the growth of median wealth was much weaker, indicating growing economic inequality. Over the longer term, wealth inequality in Israel has narrowed by 12% since the 2008 financial crisis, with the average wealth in shekels increasing by 142% and the median by 220% over the past 15 years. Israel currently has 180,000 millionaires and over 2.5 million people with wealth between $100,000 and $1 million.
Wirtschaft und Börsen-Nachrichten
10. Juli 2024 um 13:38

Global Wealth Report The super-rich are getting richer and richer

Economy
Finance
Politics
Despite all the crises, the super-rich have become even richer worldwide last year. In Germany, the super-rich were able to increase their financial assets by more than 10%, which was mainly due to the booming stock markets. According to studies, the distribution of wealth in Germany is above-average unequal, with the lower one is positioned in the wealth pyramid, the lower the increase in assets. Experts see this as an increasing problem of justice, which can lead to dissatisfaction and populist views.
n-tv.de Wirtschaft
10. Juli 2024 um 07:50

The wealth gap between the super-rich and the less wealthy is widening - n-tv.de

Economy
Finance
The wealth gap between the super-rich and the less wealthy in Germany is widening ever further. While the super-rich with more than 100 million US dollars in assets were able to increase their assets by over 10% last year, assets up to 250,000 US dollars only grew by 1.5%. This is because the super-rich invest a higher proportion of their assets in the capital market and in high-yield asset classes, while the less wealthy tend to opt for lower-risk investments. Overall, there are around 3,300 super-rich people in Germany who own 23% of the total financial assets.
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