Zurich A strong global economy and a rally in financial markets have fueled unprecedented wealth growth over the past year. This emerges from the Global Wealth Report, which Credit Suisse presented on Tuesday. Accordingly, global wealth grew by $41.5 trillion in 2021 to a total of $463.6 trillion.
This corresponds to a growth of almost ten percent. At constant exchange rates, the increase in wealth is even 12.7 percent – more than at any time in the data series going back 20 years.
On average, the wealth of every adult in the world has increased by around $87,500, the study further shows. The boom allowed more and more people to join the ranks of millionaires: according to the data, there are more than 62.5 million people worldwide whose assets, minus debts, are more than one million dollars.
Global Wealth Report 2022: More than 62 million millionaires worldwide
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