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.