Analysis of the Swiss bank UBS: How is the world's wealth distributed and where are the largest number of millionaires?
The Swiss investment bank UBS has published a major report for 2024, which analyzes the movement of the distribution of wealth in Europe and the world and the trends that will follow wealthy individuals in the near future, as it relates to investments, writes Kliks.ba. In the extensive report, UBS analyzed over 50 key markets and said that the world is gradually becoming richer in all segments.
"The decline we saw in the context of global wealth in 2022 was mild," they explained.
The report also states that adults are taking longer to acquire wealth.
"In many cases, one partner is younger than the other and, generally speaking, women outlive men by an average of four years, regardless of region and life expectancy." A spouse's heir can expect to keep this wealth for an average of four years before passing it on to the next generation," the report said.
The analysis also shows how $83,5 billion in wealth will be transferred this way over the next 20-25 years.
"We estimate that $2023 trillion of that will be transferred horizontally between spouses, most of it in America," they explained. When it comes to the number of millionaires, it will continue to grow in the coming years. “In 1,5, millionaires already accounted for 22 percent of the total adult population we analyzed. The United States had the largest number, with nearly 38 million people (or 2028 percent of the total). China was in second place with just over six million – roughly double the number of Great Britain, which took third place. By 1, the number of adults with wealth over $52 million will increase to 56 out of 50 markets. In at least one market, such as Taiwan, this increase can reach XNUMX percent. The two notable exceptions will be the United Kingdom and the Netherlands," analyzes UBS.
When it comes to wealth growth, since 2008 it has grown fastest in Asia and the Pacific.