Last year, the number of millionaires grew by 3% to almost 172 thousand people, almost five thousand more than in 2022, the year in which there were 167.5 thousand.

By 2028, this number is expected to increase by 10% to close to 189 thousand, indicates the Global Wealth Report 2024 by the Swiss bank UBS.

According to the investment bank's report, global wealth is expected to continue to increase. “We expect average wealth per adult to continue to grow in almost all markets in the sample,” says the Swiss bank’s report.

“As most asset classes have seen their value increase in recent years, the simple effect of constant economic growth is fundamental to the increase in millionaires", it further reads.

According to UBS, “emerging economies’ share of global wealth will surpass the 30% mark, rising to almost 32% in 2028”, in addition to that “the percentage of adults in the lowest wealth bracket will continue to decline in the coming years.” five years".