Money: More dollar millionaires worldwide than ever before

Frankfurt/Main. The club of dollar millionaires worldwide has grown again – primarily thanks to rising prices on many stock markets. An estimated 23.4 million people, 2.6 percent more than in 2023, had investable assets of at least one million dollars last year.

According to the consulting firm Capgemini, this is the highest level since the first evaluation in 1997. According to the latest "World Wealth Report," the wealth of the rich also rose to a record high: $90.5 trillion (€79.3 trillion), representing an increase of 4.2 percent over the previous year. The lion's share of the wealth increase once again came from the USA.

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Germany maintains its third place in the ranking of countries with the most dollar millionaires - although their number has shrunk by a good 40,000 within a year: According to the Capgemini analysis, 1.605 (previous year: 1.646) million people belonged to the group of wealthy private individuals ("High Net Worth Individuals" - HNWI for short) in 2024.

According to Capgemini, the shrinking number of dollar millionaires in Germany can most likely be explained by declining real estate prices. According to calculations, the total wealth of the rich in this country remained virtually unchanged at $6.32 trillion.

The USA leads the rankings by a wide margin, with 7.993 million dollar millionaires (previous year: 7.431 million). Japan remains in second place with 3.990 million (previous year: 3.777 million). These three countries, plus China, account for almost two-thirds (64.5 percent) of the world's dollar millionaires.

In its "World Wealth Report," published annually since 1997, Capgemini includes equities, fixed-income securities, alternative investments such as private equity, cash, and real estate, provided it is not used by the company itself. Art collections and consumer durables such as cars and jewelry are not included.

According to the information, the analysis covers 71 countries, accounting for more than 98 percent of global gross national income and 99 percent of global stock market capitalization. In addition, 6,472 dollar millionaires were surveyed at the beginning of January, among other things, about their investment strategy.

RND/dpa