400,000 new ‘dollar millionaires’ were created around the world last year

 January 17, 2019

Photo via Daily Mail


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More than 400,000 new dollar millionaires were created around the world last year, with the United States leading the rich list by a huge margin.

The United States has over 8.6m millionaires growing 2.6 percent in the last year, as compared with a global millionaire growth of 1.9 percent.

They are trailed by China (1.8m), Japan (1.6m), Germany (1m) and the UK (900,000).

Photo via Daily Mail

The study by Wealth-X is based on high net worth individuals (HNW) who are classed as having between $1m and $30m in liquid assets – their wealth being held in cash or in assets which can readily be converted into cash.

The tier above those individuals is known as ultra high net worth (UHNW), who have $30m or more in liquid assets.

Women represent 15.8 percent of HNW individuals across the world and 13.7 percent of UHNW individuals.

This number of millionaire women has been rising and a figure close to 16 percent represents a new milestone.

The Wealth-X study of the world’s cities found New York to have the highest proportion of HNW people, followed by Tokyo, Los Angeles, Hong Kong and London.

Wealth-X predict that the Asia-Pacific region will experience the highest growth looking ahead to 2023.

The experts believe their share of HNW individuals will come to dwarf that of Europe’s.

Photo via Daily Mail

You are most likely to work in finance as a millionaire, followed by manufacturing and technology.

According to Forbes the world’s richest man is Jeff Bezos, the owner of Amazon is said to have a net worth of $112bn.

The world’s richest woman is Francoise Bettencourt Meyers, with an estimated $44.3bn fortune, she owns a huge stake in L’Oreal.

Originally published at Daily Mail

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