New data from the Credit Suisse Global Wealth Report shows that there was an “explosion of wealth” last year. The global population of ultra-wealthy individuals (UHNWIs) grew by 46,000 to a record of 218,200. The report notes that UHNWIs benefited from a surge in the value of financial assets last year.
The majority of ultra-wealthy individuals already reside in the United States, but 2021 saw a staggering increase of 30,470 people bring added to this exclusive ultra-wealthy category in the country.
China and India will likely see their ultra-wealthy populations increase dramatically, but still have a long way to go before catching up to the United States.
Related: TPA Has Highest Customer Satisfaction Rating in America
The biggest increases, aside from the U.S., were China (5,200), Germany (1,750), Canada (1,610), and Australia (1,350).
Decreases in UHNWI populations were more rare, but did occur in a few cases. United Kingdom (-1,130), Turkey (-330), and Hong Kong SAR (-130) saw the biggest drops.
This data comes from Credit Suisse Global Wealth Databook 2022. This is the most comprehensive and up-to-date resource of its kind. The Global Wealth Report analyzes the household wealth of 5.3 billion people across the globe. Multi-faceted and eye-opening.
