World Will Get More Millionaires After 2022’s Wealth Destruction

In 2021, global fortunes surged by 9.8% to $463.6 trillion from 2020, posting a much bigger increase than what had been recorded since the beginning of the century. The top 1% owned 46% of all household assets, while the richest 10% of adults had 82% of global wealth. The US had the highest number of ultra-high-net-worth individuals — more than 140,000 — followed by China, with 32,710.