“Where the rich get richer and the poor get poorer.” As Meninas’ success dates back to 1999, but it still stands. Last year, marked by the pandemic and the global crisis – with inflation and unemployment – there was also a new entry record Millionaires in a planet.
According to the annual report of Credit SuisseThe world won 46 thousand”super richIn 2021, that is, people whose fortune is estimated at more than 50 million US dollars (258.5 million Brazilian reals at the current exchange rate). The number represents a growth of 21% compared to 2020.
About 5.2 million people became millionaires last year, making a total of 62.5 million rich — worth over $1 million. Of these, 59,000 are Brazilians.
the rich…
The new members of the global selection group mainly reside in the United States, followed by China, Canada, India and Australia.
In addition, the world’s largest economy remains at the top of the wealth pyramid, with more than 140,000 people with a net worth of over $50 million.
“In the United States, African American and Hispanic households experienced the largest increases in wealth—22.2% and 19.9%, respectively—in 2021, thanks to the increase in nonfinancial wealth, especially housing,” he explains. bank report.
Meanwhile, Switzerland, Hong Kong, Turkey, and the United Kingdom were the countries that reduced the number of HNWIs. The largest decrease was felt on British soil, where 1,130 people ceased to be “ultra-rich”.
… and inequality
“Wealth losses were less common and were almost always associated with devaluation of the currency against the US dollar, which affected, for example, Japan, Italy and Turkey,” the document says.
The Credit Suisse report also notes that “the surge in financial assets in 2021 led to the advancement of global inequality.
But for those who want to see the glass half full, here’s good news: Looking back this century – from the 2000s onwards – the income gap has narrowed due to “faster growth in emerging markets”.
super rich: Where is Brazil in this story?
According to a Credit Suisse report, Brazil is the country with the largest wealth disparity in Latin America, even though the country has provided “significant pandemic relief,” such as R$600 emergency aid.
In 2021, the richest 1% of the country’s population owned 49.3% of the wealth, compared to 44.2% the year before. Among the 20 richest countries in the world, Brazil ranks 18th, ahead of Singapore and the Netherlands.
The Bank also highlighted that Latin American countries have suffered more severe health impacts than any region during the pandemic.
“This means that younger people who were at risk of job losses are likely to have less savings, more debt and lower wealth.”
Read also: The Life of Jorge Paulo Lemann Behind the Ambiev: Discover the Secrets and Teachings of Brazil’s Richest Man
Global Wealth Prospects
Last year, global wealth remained above 12 figures at $463.6 trillion.
While many countries face slower growth or even recession, the bank expects the world’s wealth to increase by $169 trillion over the next five years.
The number of millionaires is also expected to increase: Credit Suisse believes that in 2026 the world will be 87 million people with a fortune of more than 1 million US dollars.
In Brazil, in particular, the number of millionaires is expected to increase from 266 thousand to 572 thousand, which is an increase of 115%.
Charlotte Whitmore is a contributor at Mediarunsearch.co.uk, covering a broad range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting and practical information that helps readers stay informed about current events and emerging developments. Her work highlights stories that matter to everyday audiences, with an emphasis on accuracy, relevance, and accessible journalism that keeps readers connected to the issues shaping the UK and beyond.