Thursday, January 17, 2019


More than 400,000 new dollar millionaires were created last year as the fortunes of the already-well off rose despite the decline in global stock markets. It takes the number of millionaires across the world to 22.6 million.

The global population of high-net-worth individuals (HNWIs), classed as those with between $1m and $30m (£775,000-£23.3m) in liquid assets, grew by 1.9% to 22.4 million in 2018. On top of this there were a further 255,810 ultra-high-net-worth individuals with fortunes of more than $30m.

The most millionaires are in the US, with 8.7 million, followed by China (1.9 million), Japan (1.6 million), Germany (1 million) and the UK (900,000).

The UK’s HNWI population grew by 1.5%, with a combined wealth of $2.4bn, up $36m on the previous year. The UK’s richest person is Sir Jim Ratcliffe, the founder and chief executive of the petrochemicals firm Ineos and a high-profile Brexiter, with an estimated fortune of £21bn and two superyachts.

Almost one million millionaires live in New York City, making it by far the biggest city for the wealthy. Tokyo is in second place with 593,000 millionaires, followed by Los Angeles with 576,000.

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