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.

VnExpress English
10. Juli 2024 um 03:54

Vietnam grows fastest globally in number of millionaires

Economy
Finance
Politics
Vietnam has seen the fastest growth in the number of millionaires globally, with the number virtually doubling between 2013 and 2023 to 19,400. The country also has 58 centi-millionaires and six billionaires. Vietnam was followed by China, Mauritius, and India in terms of growth rate, while the U.S. ranked top with 5.49 million millionaires. Vietnam is forecast to see 125% growth in wealth in the next 10 years, the fastest rate in the world.
DER SPIEGEL
10. Juli 2024 um 05:35

Wealth Distribution in Germany: The Super-Rich Are Getting Even Richer - DER SPIEGEL

Economy
Finance
According to a BCG study, the assets of the super-rich in Germany with over 100 million US dollars have increased by more than 10% in the past year. The lower the assets, the lower the increase. In total, 3,300 super-rich people in Germany own 23% of the total financial assets, which indicates an above-average unequal distribution of wealth.
n-tv.de
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..
Globes
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..
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.news

infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!