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Headline : Where are the world’s millionaires and how is wealth divided globally?

Read more from the original article on here at www.aljazeera.com.





Tags : #worlds #millionaires #wealth #divided #globally


No. of Paragraph 37

The world has at least 58 million US dollar millionaires, accounting for 1.5 percent of the global adult population, according to the 2024 UBS Global Wealth Report (PDF), which sampled 56 markets that account for 92 percent of global wealth.

The United States has the highest number of millionaires, with some 21.95 million individuals having wealth in seven figures or more. China comes at a distant second with some 6.01 million millionaires, followed by the United Kingdom (3.06 million), France (2.87 million) and Japan (2.83 million).

UBS defines wealth as the value of financial assets and real assets minus debts held by a household.

Global wealth, in dollar terms, grew by 4.2 percent in 2023 after a decline of 3 percent in 2022, according to UBS.

Read more from the original article on here at www.aljazeera.com.


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