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There Are Over 22 Million Millionaires In The World, An All-Time High

  • The number of millionaires worldwide has hit an all-time high, with 22.8 million individuals possessing liquid assets exceeding $1 million, as per Capgemini's World Wealth Report.
  • Their collective wealth reached $86.8 trillion in 2023, driven by surging stock markets. The Nasdaq soared 43%, the S&P 500 rose 24%, while European indices also posted significant gains.
  • Economic growth and optimism in the tech market, particularly in generative AI, contributed to this wealth surge. However, rising wealth inequality prompts discussions on fair taxation, with calls for a global minimum tax on the wealthiest individuals.

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