Centi-Millionaire Boom: America and China Dominate the Super Rich Club
There are currently 29,350 individuals worldwide with liquid investable assets of USD 100 million or more, according to the Centi-Millionaire Report 2024 released today by wealth and investment migration advisors Henley & Partners and featuring exclusive data from global wealth intelligence firm New World Wealth.
This exclusive club has grown globally by 54% over the last decade but the geographic distribution of this super-rich explosion across different regions is revealing. America and China have experienced what can only be described as a centi-millionaire boom, significantly outperforming their European counterparts.
Top 10 Cities with most number of centi-millionaires:
4 from USA and 2 from China!
China’s ascent has been the most dramatic, with its centi-millionaire population expanding by 108% over the past 10 years — outpacing even the stellar performance of the US, whose super-wealthy ranks swelled by 81% over the same period. In contrast, Europe’s centi-millionaire growth has been anemic, increasing by only 26% over the past decade.