Discover the incredible rise of millionaires around the world! A recent study reveals a spectacular growth in the number of millionaires and their wealth, opening new economic perspectives. Dive into the heart of this unprecedented trend to understand the stakes of this unparalleled increase.
The number of millionaires worldwide has seen a spectacular increase, with a rise of 5.1% compared to the previous year, according to a study by the Capgemini consultancy.
This increase has brought the number of wealthy individuals to 22.8 million in 2023, a figure never reached before. These individuals are defined by Capgemini as having a net worth excluding their primary residence exceeding one million dollars.
This rise in the number of millionaires is also accompanied by an increase in their wealth. Indeed, their total assets now stand at 86.8 trillion dollars, marking a 4.7% rise compared to the previous year. These figures set new records since Capgemini began publishing this study in 1997.
Increase in Stock Markets Worldwide
The main reason for this unprecedented increase in the number of millionaires and their wealth lies in the rise of stock markets around the world. Stock prices experienced a significant increase in 2023, with a surge of 43% for the Nasdaq in the United States, 24% for the S&P 500, 16% for the CAC 40 in Paris, and 20% for the DAX in Frankfurt.
This surge in stock prices has been fueled particularly by enthusiasm for generative AI and its potential impact on the economy. This allowed stocks to rise together with the tech market.
Increasing Inequalities and Tax Debates
This increase in the number of millionaires and their wealth has sparked debates about wealth levels and the parallel rise of inequalities. Indeed, recent years have seen discussions on how to make the highest wealth contribute more to taxation.
Brazil and France, for example, are pushing for a global minimum tax on the highest wealth within the G20. If the 3,000 billionaires on the planet paid at least the equivalent of 2% of their wealth in income taxes, it could generate an additional 250 billion dollars.
These debates reflect growing concerns about economic inequalities and the need to find solutions to reduce them.
The Capgemini study reveals a significant increase in the number of millionaires worldwide and their wealth. This increase is mainly due to the rise in stock prices, especially in the tech sector. However, it is important to emphasize that these trends also raise questions about increasing inequalities and the need to rethink taxation systems.
