There have been four times more “everyday millionaires” since 2000

The “Emilli” (for Everyday MILLIonaire), as UBS calls them, are “four times more than in 2000,” reports Le Temps . This is what emerges from the annual report on global wealth published Wednesday, June 18, by the world’s leading wealth management bank. These approximately 52 million people worldwide collectively hold “$107 trillion in assets.”

But the Emillis "do not feel rich," as their assets do not allow them to "live off their capital," notes the Swiss daily. It must be said that they "are of little interest to wealth management, since a large part, if not the majority, of their wealth is made up of real estate, and not liquid financial assets." And real estate prices soared last year, "creating these paper millionaires."

On the other hand, the Emillis should attract the attention of governments, “faced with record levels of public debt that will need to be financed.” According to Paul Donovan, chief economist at UBS Global Wealth Management, the era is one of “the politicization of wealth, that is, the desire for wealthy individuals to pay more taxes.”

Global wealth “accelerated its expansion in 2024, growing by 4.6%.” Some 680,000 new dollar millionaires emerged, with Switzerland retaining its position as “the country with the highest average net worth.” But the United States took the crown as the “most dynamic region,” with an 11.35% increase in wealth, while China is “the other major engine of wealth creation in the world.”