“This is the largest increase in millionaire numbers recorded by any country in any year during this century,” she said.
Credit Suisse estimated that the total number of millionaires globally reached 62.5 million by the end of 2021.
The report, released on Tuesday, found that global wealth totaled $463.6 trillion at the end of last year, up 9.8%.
Unsurprisingly, the two largest economies – the United States and China – saw the largest gains in household wealth, followed by Canada, India and Australia.
The bank said that each country is likely to be supported by significant increases in economic output in 2021, along with “vigorous” activity in their respective housing or equity markets.
This is in sharp contrast to the luckiest people in the world, even if they are not immune to those factors.
The share of the wealth of the top 1% rose for the second year in a row, Credit Suisse said in its report last year. Such individuals represented 45.6% of the world’s wealth in 2021.
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