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Statsguru: Global wealth soars in 2017

North America leads the wealth list with a combined wealth of $101 trillion, followed by Europe at $79 trillion

Ishan Bakshi 

Global Wealth

After growing at a sluggish pace over the past few years, grew at a robust 6.4 per cent in FY17, as shown in Chart 1. estimates that the richest 36 million individuals in the world now account for a staggering $128 trillion or 45.9 per cent of the By comparison, the bottom 70 per cent account for a mere 2.7 per cent of the global wealth, as shown in Chart 2. This increase in wealth is driven not only by equity markets but also by a significant increase in As shown in Chart 3, non-financial assets grew by 6.5 per cent last year, while financial assets grew by 5.8 per cent. leads the wealth list with a combined wealth of $101 trillion, followed by Europe at $79 trillion. Africa ranks last on the list with a combined wealth of $2.4 trillion. The report says total wealth in India would be at $5 trillion in 2017. The country is estimated to have 245,000 dollar millionaires, as shown in Chart 4. But much of the country’s wealth is concentrated in non-financial assets such as real estate (Chart 5). Over the next five years, estimates the number of millionaires in the world would rise by 22 per cent, as shown Chart 6.

Fastest growth is seen in Africa, followed by Latin America. In India, the number is expected to grow by 52 per cent, reaching 372,000 by 2022. But despite growing at a faster pace, India lags miles behind the US. As shown in Chart 7, the projected wealth of India in 2022 would only be equivalent to that of the US in 1940.

is a weekly feature. Every Monday, Business Standard guides you through the numbers you need to know to make sense of the headlines. Source: James Davies, Rodrigo Lluberas and Anthony Shorrocks, Databook 2017; Compiled by BS Research Bureau

First Published: Mon, November 20 2017. 00:23 IST