Total global wealth increased by 10.3 percent, reaching $473 trillion. This result is attributed to a stock market boom, according to a study published by Boston Consulting Group, and it marks the largest increase in over a decade.
The number of ultra-rich individuals, defined by BCG as those with assets worth more than $100 million, rose by about 300 people. The United States has the highest number of ultra-rich individuals – 25,800 people, followed by China, which has 8,500 ultra-rich individuals.
Germany ranks third. Worldwide, around 69,000 ultra-rich individuals hold 15 percent of the investable financial assets.
The value of tangible assets, including real estate, art, and gold, increased by 11 percent to $13 trillion in 2021. The value of real estate has been rising particularly strongly for some time.
Despite the economic consequences of the war in Ukraine, the BCG report predicts that wealth will continue to grow globally, with a strong increase expected primarily in Asia.
If the Russian attack on Ukraine ends this year, global wealth is expected to grow by 5.3 percent annually, reaching nearly $80 trillion by 2026.
The study calculated an average increase of 5 percent if the war continues and sanctions are tightened or last longer.
