Over the past 10 years, the global economy has expanded by one-third. According to the World Bank, global GDP in 2022 was US$100.56 trillion (millions of millions), 33% higher than the US$68.86 trillion—at current prices—recorded in 2012. In this context, the number of millionaires—people with more than US$1 million—also grew. How many millionaires are there in the world?

ANSWER

59.4 million. According to the Credit Suisse Wealth Report, the number of millionaires has doubled over the past ten years, growing at a much faster rate than the economy. The number of people with a net worth of more than US$10 million, meanwhile, has nearly tripled, as shown in this infographic from Visualcapitalist.