Middle-income countries are expected to account for the rise and global wealth per adult is forecast to exceed $100,000 by 2024.
The number of millionaires globally is targeted to reach 87 million in the next five years.
Asset prices
Of course, much of the growth in global wealth relies on asset prices gaining and the effect of exchange rates.
In 2021, it was share prices that drove gains, and year-over-year increases were prominent in India (31%), France (28%), US (23%), Italy (23%), and Canada (22%).
House prices also contributed and again, Canada features in the top set with a 14% year-over-year gain in 2021, along with Germany (12%), UK (10%), US (9%) and France (8%).
