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World’s Average Adult Will Be Worth $100,000 by 2024, Says Credit Suisse

  • Credit Suisse sees number of millionaires growing 40% by 2026
  • China is among countries that will add the most millionaires
Updated on

The number of millionaires globally will grow by 40% in the next five years, even as rising rates and Russia’s war in Ukraine are sinking asset classes and private fortunes this year. 

By 2026, there will be more than 87.5 million people with at least $1 million in wealth, up from 62.5 million in 2021, according to Credit Suisse Group AG’s Global Wealth Report 2022 released on Tuesday. The number will grow faster in emerging economies, with China almost doubling its millionaire population, the forecasts show.