Global Wealth Creation Was Largely Immune to the Pandemic Shock in 2020

A report by Credit Suisse

Date:

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Pixabay CC0 Public Domain. Más ricos y más acaudalados: el crecimiento de la riqueza se mostró inmune al golpe de la pandemia mundial

Author: Beatriz Zúñiga

In 2020, total global wealth grew by 7.4% and wealth per adult rose by 6% to reach another record high of 79,952 dollars

Total debt also increased by 7.5%, rising markedly in China and Europe, but declining in Africa and in Latin America

Wealth differences between adults widened in 2020: the global number of millionaires expanded by 5.2 million to reach 56.1 million

The ultra high net worth (UHNW) group grew even faster, adding 24% more members, the highest rate of increase since 2003

Global wealth is projected to rise by 39% over the next five years, reaching 583 trillion dollars by 2025