Global Wealth Report 2024

For fifteen years, we’ve been providing leading insights into global household wealth through our Global Wealth Report. Over time, it’s become the reference point for those interested in the trends shaping wealth across the world.

To mark the report’s fifteenth edition, we’ve redesigned it. The new digital-friendly format is more concise and more accessible to a broader audience.

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The world has been getting progressively richer across all wealth segments

Last year, global wealth rebounded from its 2022 slump.
Wealth is steadily growing throughout the world – albeit at different speeds – with very few exceptions.
The proportion of people in the lowest wealth bracket has shrunk since 2008, while the proportion of people in every other wealth bracket has grown.
People are now three times as likely to have wealth exceeding USD 1 million than they were in 2000.

Wealth mobility has been more likely to be upward than downward

A substantial share of people in our sample markets move between wealth brackets in their lifetime.
In every wealth band and over any time horizon, it’s consistently likelier for people to climb up the wealth ladder than slip down it.
Our analysis shows about one in three individuals moves into a higher wealth band within a decade.
While extreme movements up and down the ladder are uncommon, they are not unheard of.

A great horizontal wealth transfer is under way

The number of millionaires is on track to keep growing

In 2023, millionaires already accounted for 1.5% of the adult population we analyzed.
The United States had the highest number, at nearly 22 million people (or 38% of the total). Mainland China was in second place with just over six million – roughly double the number of the United Kingdom, which came third.
By 2028, the number of adults with wealth of over USD one million will have risen in 52 of the 56 markets in our sample.
In at least one market – Taiwan – this increase may reach 50%. Two notable exceptions are expected to be the United Kingdom and the Netherlands.