Credit Suisse Global Wealth Report 2022: Global wealth up 9.8% YoY at $463.6 trillion in 2021

Credit Suisse Global Wealth Report 2022: Global wealth up 9.8% YoY at $463.6 trillion in 2021

• Global wealth totalled $463.6tn at the end of 2021, a rise of $41.4tn (9.8%),  the report said. Wealth per adult grew by $6,800 (8.4%) during the course of the year to reach $87,489, close to three times the level recorded at the turn of the century.
• The ranks of the global “ultra high net worth” (UHNW) individuals swelled by 46,000 last year to a record 218,200 as the world’s richest people benefited from “almost an explosion of wealth” during the recovery from the pandemic. The number of UHNW people – those with assets of more than $50m (£43.7m) – jumped in 2021 as the super-rich benefited from soaring house prices and booming stock markets, according to a report by investment bank Credit Suisse.
•  The number of people in the UHNW bracket has increased by more than 50% over the past two years. The huge increase in wealth of the richest 0.004% of the world’s adult population comes as billions of low- and middle-income people – many of whom saw their savings wiped out during the pandemic – struggle to cope with soaring food and energy prices.

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Published date : 22 Sep 2022 05:19PM