Every year, Credit Suisse takes an in-depth look at assets around the world (I often pull up a chart or two to read). Data always has some interesting results about how very rich Investing, consuming, and otherwise spending their time and money. I don’t always mention it, but interesting and unusual findings are always worth sharing.

This year is one of those times.

Both global wealth, dollar total, and percentage gain, each reached all-time highs. There were some very interesting highlights of the actual data, including some gigantic numbers:

– Global wealth: $463.6 trillion (end of 2021)
-Growth vs. 2020: +9.8%
-Annual average gain: +6.6% (average 2001-2021)
-Total global assets: +12.7% (fastest annual rate ever).
– Wealth per adult: $87,489
-Real (inflation-adjusted) assets: +8.2%.

Profit by country
1. United States of America
2. China
3. Canada
4. India
5. Australia

Total wealth per capita
1. Switzerland ($696,600)
2. United States of America
3. Hong Kong
4. Australia,
5. Belgium

In the US, African American and Hispanic households saw the largest percentage increases in wealth (+22.2% and +19.9%), but one of the biggest surprises was the generational gain of Millennials and Gen X: they increased their wealth the most between 2019 and 2022 Dramatically:

Most ultra-high-net-worth individuals
The United States has more than 140,000 2
China 32,710
62.5 million millionaires worldwide (+5.2 million from 2020)

The 5-year outlook is for global wealth to grow by $169 trillion by 2026; By 2024, global wealth per adult will exceed $100,000, and the number of millionaires will exceed 87 million individuals over the next five years. Most of the media focuses on a silly number – the number of millionaires worldwide by 2026 forecast from 62 million to 87 million in 2021 – a ~40% gain.

The full 72-page PDF is definitely worth checking out…

in the past:
Asset Allocation Analysis (July 18, 2019)

Wealth Distribution in America (April 11, 2019)

Wealth Composition Differs: Middle Class to Top 1% (Jun 5, 2019)

No, Your iPhone Doesn’t Make You Rich (Jun 4, 2018)

The Global Wealth Report 2022 is the leading vision for navigating the future
Credit Suisse, September 2022

see more:
Bloomberg WealthScore


1. Note: Asset losses are almost always associated with currency devaluations against the US dollar, such as those affecting Japan, Italy and Turkey.

2. The wealth share of the bottom 50% of households in the United States rose from 1.84% to 2.64%, mostly due to rising real estate prices.

Print friendly, PDF and email

Leave a Reply

Your email address will not be published.