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More than 680,000 new people became millionaires in 2024, according to the latest annual report by Swiss bank UBS. In terms of percentage growth, the greatest increase was in Turkey, which saw an 8 percent rise in the number of millionaires year-on-year, followed by the United Arab Emirates, which saw an increase of 5.8 percent. Over the next five years, UBS analysts forecast North America and Greater China to be the main drivers of global wealth growth.
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Is this more than just inflation + population growth?
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A global count of millionaires, might also be a little inflated by how weak the dollar has become relative to other currencies.
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