There are more and more millionaires in the world, but fewer in Portugal, where there are 106 ultra-rich and 159,000 “solely” millionaires.

According to the research by Credit Suisse, every of the more than 8.3 million Portuguese adults had, on common, an estimated wealth of over 154,000 euros.

There are more and more millionaires in the world: in 2021 there had been more than 62 million individuals with belongings valued over a million, which, based on Credit Suisse’s Global Wealth Report 2022 launched this Tuesday, represents a rise of round 9% in comparison with the earlier 12 months. However, in Portugal the quantity has decreased: final 12 months, there had been 159 thousand Portuguese millionaires, ten thousand fewer than in 2020.

According to the research by Credit Suisse, every of the more than 8.3 million Portuguese adults had, on common, an estimated wealth above 154 thousand euros, which represents a rise of 8% in comparison with the earlier 12 months and places the wealth of the Portuguese above the world common of 87.5 thousand euros. In 2020, the common wealth of a Portuguese particular person was US$52,400.

Most Portuguese adults may have a wealth valued between ten thousand {dollars} and 100 thousand euros (43.8%) and between 100 thousand and a million euros (31.3%).

Global wealth grows but is more and more concentrated

Another of the conclusions of this report is that the world’s wealth grew by 9.8 % in 2021 but is more and more concentrated in the few, as nearly half of the cash is in the palms of the 1% of individuals.

According to the Credit Suisse research, world wealth amounted to €465 billion at the finish of final 12 months, 45.6% (1.7% more than in 2020) of which 1% of individuals owned.

Furthermore, the enhance in wealth was concentrated in simply two international locations: the United States represents half of the whole and China 1 / 4 of the ‘cake’.

The remainder of the world shared 1 / 4 of the remaining quantity.

The United States has the most “ultra-rich”

The United States and China had been the largest contributors to world wealth progress final 12 months, the first nation with more than €20 billion and China with more than €11.3 billion.

The two international locations had been adopted by Canada (with an extra €1.9 billion) and by India and Australia.

The United States can be at the high of the checklist of nations with the most adults thought of to be ultra-rich (with a internet price of more than 50 million euros): more than 140 thousand. China reappears in second place, with more than 32,000. Portugal is way from this tremendous accounting: the Portuguese thought of extremely wealthy are “solely” 106.

In basic, the variety of the ultra-rich has elevated by 21%, whereas the variety of “easy” millionaires (these with more than a million euros) has elevated by 9%, together with 62.5 million individuals.

In 2021, one other 30,000 new ultra-rich appeared in the US, one other 5,200 in China, one other 1,750 in Germany, one other 1,610 in Canada and one other 1,350 in Australia, but the departures from this group had been scarce, with solely the United Kingdom being cited (with 1,130 much less individuals), Turkey (minus 330) and Hong Kong (minus 130).

At the base of the pyramid are those that had a “wealth” of lower than 10,000 euros in 2021 and who characterize more than half (53%) of the world’s inhabitants.

Europe accumulates the largest share of wealth in regional phrases, behind the US and forward of China, though it solely elevated by 1.7 billion in 2021, a fraction of the 32.6 billion euros added by the two largest financial powers mixed. .

For More Topics Read Here:-

If all of you individuals like studying all of the completely different varieties of reports that I’ve supplied, then all of you possibly can merely learn all of the different types of reports that we’ve supplied and all of the several types of information that are given beneath.

The Article Is In Portuguese🡽

Scroll to Top