The 2022 stock market crash has also hit the fortunes of the rich. According to an evaluation, the number of millionaires has decreased – for the first time in ten years. But not in all regions of the world.
The price slumps on the stock exchanges, the high inflation and the weakening world economy in the past year have also left their mark on the rich. According to the “World Wealth Report” by the consulting agency Capgemini, the number of people worldwide with investable assets of at least one million dollars fell by 3.3 percent to 21.7 million within a year.
The total value of their wealth shrank by 3.6 percent to $83 trillion over the same period. According to the French consulting firm Capgemini, this is the sharpest decline in both categories in more than ten years: “The reason was the geopolitical and macroeconomic uncertainties.”
strongest asset decline in North America
In a global comparison, North America recorded the sharpest decline in wealth at minus 7.4 percent, followed by Europe – where the wealth of dollar millionaires shrank by 3.2 percent year-on-year, according to the calculations.
According to the information, the club of dollar millionaires in Germany decreased by 20,900 people to a good 1.61 million members last year. Their total assets fell by 2.2 percent to just over $ 6.1 trillion. A year earlier it had risen by 7.4 percent to around 6.3 trillion dollars.
Germany in third place in the ranking
According to the evaluation, Germany remains in third place in the list of countries with the most dollar millionaires, despite falling numbers. The USA is still at the top with a good 6.9 million people in this category. A year earlier it was 7.46 million.
Japan is in second place with 3.55 million rich people, China is the fourth-placed country with almost 1.5 million very wealthy individuals.
More dollar millionaires in the Middle East and Africa
Contrary to the general trend, the number of millionaires and their wealth has increased in other regions of the world, according to the World Wealth Report. The Middle East, Africa and South America have seen more dollar millionaires in the last year. This is due to the strong gains in the oil and gas sector, from which countries in these regions benefited.
Capgemini’s World Wealth Report, which has been produced annually since 1997, includes equities, fixed income, alternative investments such as private equity, cash and real estate, provided they are not used by the company. Collections or consumer goods are not included.