The number of people worldwide with at least US$1 million in investable assets increased by 5.1% last year to around 22.8 million.
The rise of the stock market last year boosted the wealth of the world’s richest people, increasing the number of dollar millionaires in the world, DW wrote, citing the World Wealth Report.
The number of people worldwide with at least $1 million in investable assets (HNWI) rose 5.1% to around $22.8 million last year, according to research from consultancy Capgemini.
This is the highest number since the first annual survey was conducted in 1997. The total wealth of the world’s richest people increased by 4.7% to a record US$86.8 trillion.
As mentioned, their wealth grew as a result of the rapid rise of the stock markets, in particular, the index-heavy Nasdaq index in New York grew by 43% in 2023, while the S&P 500 index grew by 24 %. Meanwhile, the Paris CAC 40 rose 16% and the Frankfurt DAX rose 20%.
Due to economic and political uncertainty, the wealth of the world’s richest people, as well as the number of millionaires worldwide, fell in 2022, but 2023 brought economic growth and improved the fortunes of key sectors of investment, allowing the return to growth in number. of the rich and their wealth.
The largest increase in millionaires was recorded in North America.
“Backed by a strong economy, lower inflation and a booming stock market, the wealth of North America’s richest people rose 7.2% to $26.1 trillion, and the number of millionaires rose 7.1% to 7.431 million,” said of the report.
It was previously reported that the number of millionaires in Ukraine has also increased.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.