Credit Suisse Global Wealth Report 2022: 62.5 million HNWs with $221.7 Trillion, 264,200 UHNWs with $50 Million, $463 trillion Global Wealth
1st October 2022 | Hong Kong
Credit Suisse has released the 13th edition of the Credit Suisse Global Wealth Report 2022, providing key insights into global wealth, UHNWs & HNWs. In 2021, the total global wealth is $463 trillion, with 62.5 million HNWs (1.2 % of population) with more than $1 million and holding $221.7 trillion (47.8%) of global wealth. There are 264,200 UHNWs with more than $50 million of wealth, 2.72 million people with $10 million to $50 million, and 5.37 million people with $5 million to $10 million. The top 5 countries with the most HNWs (millionaires) are United States, China, Japan, United Kingdom & France. The top 5 countries with the most UHNWs (> $50 million) are United States, China, Germany, Canada & India. The top 5 countries with the highest wealth per adult are Switzerland ($696k), United States ($579k), Hong Kong ($552k), Australia ($550k), New Zealand ($472k). The report also projects global wealth to rise 28% by 2026 ($463 trillion to $592 trillion), millionaires to grow from 62.5 million to 87 million in 5 years (2026) and UHNWs (>$50 million) to grow from 264,200 to 385,000 in 5 years (2026). The Global Wealth Report 2022: Read More
“ 2021 Global wealth $463 trillion, $221.7 trillion HNW Wealth (47.8%), 62.5 million HNWs (1.2%), 264,200 UHNWs ($50 million)
Highest Wealth Per Adult: Switzerland, United States, Hong Kong, Australia, New Zealand “
Credit Suisse Wealth Report 2022
1) 2021 Global Wealth:
- Global Wealth: $463 trillion (+7.7%)
- North America – $159 trillion (+15.5%)
- Europe – $106 trillion (+1.5%)
- China – $85.1 trillion (+15.1%)
- APAC – $81.3 trillion (5.6%)
- India – $14.2 trillion (+12%)
- Latin America – $12.5 trillion (+10.5%)
- Africa – $5.8 trillion (+7.7%)
2021 Global Wealth Distribution:
- More than $1 million: 62.5 million people, $221.7 trillion wealth (1.2% of population, 47.8% of wealth)
- $100k to $1 million: 627 million people, $176.5 trillion wealth (11.8% of population, 38.1% of wealth)
- $10k to $100k: 1.79 billion people, $60.4 trillion wealth (33.8% of population, 13% of wealth)
- Less than $10k: 2.81 billion people, $5 trillion (53.2% of population, 1.1% of wealth)
2) Millionaires / UHNWs Breakdown:
- More than $50 million – 264,200 people
- $10 million to $50 million – 2.72 million people
- $5 million to $10 million – 5.37 million people
- $1 million to $5 million – 54 million people
Top 17 Countries – Highest no. of millionaires / HNWs:
- United States
- China
- Japan
- United Kingdom
- France
- Germany
- Canada
- Australia
- Italy
- Korea
- Netherlands
- Switzerland
- Spain
- Taiwan
- India
- Sweden
- Hong Kong
Top 20 Countries – Highest no. of UHNWs / $50 million & above:
- United States
- China
- Germany
- Canada
- India
- Japan
- France
- Australia
- United Kingdom
- Italy
- Korea
- Russia
- Switzerland
- Hong Kong
- Sweden
- Taiwan
- Spain
- Brazil
- Singapore
- Netherlands
Top 20 Countries – Average Wealth Per Adult
- Switzerland – $696k
- United States – $579k
- Hong Kong – $552k
- Australia – $550k
- New Zealand – $472k
- Denmark – $426k
- Canada – $409k
- Netherlands – $400k
- Sweden – $381k
- Belgium – $381k
- Singapore – $358k
- Norway – $334k
- France – $322k
- United Kingdom – $309k
- Taiwan (Chinese Taipei) – $297k
- Israel – $273k
- Germany – $256k
- Ireland – $251k
- Austria – $250k
- Japan – $245k
Top 20 Countries – Median Wealth Per Adult (50th Percentile)
- Australia – $273,900
- Belgium – $267,890
- New Zealand – $231,260
- Hong Kong SAR – $202,380
- Denmark – $171,170
- Switzerland – $168,080
- Canada – $151,250
- Netherlands – $142,990
- United Kingdom – $141,550
- France – $139,170
- Norway – $132,480
- Japan – $120,000
- Taiwan – $113,940
- Italy – $112,140
- Spain – $104,160
- Qatar – $100,010
- Sweden – $95,050
- United States – $93,270
- Korea – $93,140
- Singapore – $93,130
2021 Biggest Gains in Wealth by Country:
- New Zealand
- United States
- Australia
- Taiwan
- Israel
- Denmark
- Sweden
- Switzerland
- Singapore
2021 Biggest Loss in Wealth by Country:
- Greece
- Portugal
- Turkey
- Belgium
- Italy
- Japan
3) Wealth outlook 2021 to 2026
- Russia-Ukraine war are likely to hamper real wealth creation
- global wealth in nominal US dollars to increase by $169 trillion by 2026
- Low- & middle-income countries currently account for 24% of wealth, but will drive 42% of wealth growth over next 5 years
- Middle-income countries will be the primary driver of global trends.
- Global wealth per adult to rise 28% by 2026
- Millionaires to grow from 62.5 million to 87 million in 5 years (2026)
- UHNWs to grow from 264,200 to 385,000 in 5 years (2026)
No. of millionaires in 2021, 2026
- United States – 24 million, 27 million
- China – 6.1 million, 12 million
- Japan – 3.3 million, 4.7 million
- United Kingdom – 2.8 million, 4.6 million
- France – 2.7 million, 3.9 million
- Germany – 2.6 million, 3.3 million
- Canada – 2.2 million, 3.3 million
- Australia – 2.1 million, 2.9 million
- Italy – 1.4 million, 1.6 million
- Korea – 1.2 million, 2 million
- Switzerland – 1.1 million, 1.5 million
- Netherlands – 1.1 million, 1.2 million
- Spain – 1.1 million, 1.4 million
- Taiwan – 869k, 1.6 million
- India – 796k 1.6 million
- Hong Kong SAR – 632k, 1.2 million
The Global Wealth Report 2022: Read More
About the Credit Suisse Research Institute
The Credit Suisse Research Institute is Credit Suisse’s in-house think tank. The Institute was established in the aftermath of the 2008 financial crisis with the objective of studying long-term economic developments, which have – or promise to have – a global impact within and beyond the financial services. Further information about the Credit Suisse Research Institute can be found at www.credit-suisse.com/researchinstitute.
Credit Suisse
Credit Suisse is one of the world’s leading financial services providers. The bank’s strategy builds on its core strengths: its position as a leading wealth manager, its specialist investment banking and asset management capabilities and its strong presence in its home market of Switzerland. Credit Suisse seeks to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. The bank employs more than 50,000 people. The registered shares (CSGN) of Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.
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