Worldwide, 28,420 people had assets of at least $100 million in June this year, representing a 12 percent increase in one year, MTI wrote based on a recent study by consulting firm Henley & Partners.
Most of them, 38% (10,660 people), live in the United States.
China ranked second on the list with 8 percent (2,358 people). Germany comes in third place with a rate of four percent, where the number of people who own assets of not less than one hundred million dollars is 1,050 people.
New York tops the ranking of cities (with 775 people). Americans come in second and third place: San Francisco and its suburbs with 692 people, followed by Los Angeles (504). Among European cities, London (388) took first place, occupying fourth place on the overall list, followed by Beijing (365) in fifth place, and Shanghai (332), also in China, in sixth place.
The significant increase in the number of millionaires in less than 20 years is largely due to continued low interest rates, which has increased the value of tangible and intangible assets. Another reason was economic growth in the United States and Asia
Experts believe.
These factors have also played a particularly important role in increasing the number of billionaires. Their number rose from less than 500 in 2003 to 2,600 this year, more than five times in twenty years. Most of the billionaires, who are 69 years old, live in and around San Francisco. New York occupies second place on the list with 62 billionaires, while Los Angeles and Beijing each have 44 billionaires. In Europe, London tops the list of billionaires with 36 people.
Current changes in economic conditions, including rising interest rates, are likely to slow the growth rate of the number of millionaires. According to Henley’s forecasts, the number of people with such wealth will rise by 38% to about 39,000 people in the next ten years.
