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see the graph at
https://www.visualcapitalist.com/global-wealth-distribution/

Visualizing the Pyramid of Global Wealth Distribution Published 2 weeks
ago on November 2, 2023
By Dorothy Neufeld
Graphics/Design:
Christina Kostandi
Global wealth distribution pyramid

Visualizing the Pyramid of Global Wealth Distribution
Who controls global wealth?

In 2022, the world’s millionaires held nearly half of net household
wealth. Decades of low interest rates led equities and real estate
values to soar, and these assets are disproportionately held among the world’s wealthiest.

While a steep rise in interest rates decreased these fortunes in 2022,
the share of wealth controlled by the global millionaire population
remains substantial.

The above graphic shows the distribution of global household wealth,
based on the annual 2023 UBS Global Wealth Report.

The Distribution of Global Wealth
Worldwide net private wealth stood at $454.4 trillion in 2022.

Here’s how it was distributed across various levels of net worth, which
takes a person’s financial and real assets such as housing, and
subtracts their debt:

Net Worth Number of Adults Share of Adults Total Wealth Share of Global
Wealth
More than $1 million 59.4M 1.1% $208.3T 45.8%
$100,000 to $1 million 642.0M 12.0% $178.9T 39.4%
$10,000 to $100,000 1.8B 34.4% $61.9T 13.6%
Less than $10,000 2.8B 52.5% $5.3T 1.2%

The highest wealth rung controls $208.3 trillion in wealth, or 45.8% of
the global total. Just 1.1% of the world adult population fall in this
bracket.

Those with $100,000 to $1 million have the next greatest share, at 39.4%
of net household wealth.

We can see that wealth ownership begins to decline dramatically in the
next bracket. People with $10,000 to $100,000 control just 13.6% of
global wealth. However, the number of people in the global middle class
have more than doubled over the last two decades, driven by the rapid
expansion of China.

Interestingly, the lowest segment of wealth has shrunk considerably
since 2000. Between 2000 and 2022, it fell from 80.7% to 52.5% of the
global population, and is projected to keep decreasing. Despite this,
the total share of wealth controlled by this rung is just 1.2% of the
global total.

Future Outlook
By 2027, global wealth is estimated to reach $629 trillion. Here’s the forecast for how wealth distribution is set to evolve:

Net Worth Percent of Global Adults
2000 Percent of Global Adults
2022 Percent of Global Adults
2027P
More than $1 million 0.4% 1.1% 1.5%
$100,000 to $1 million 5.5% 12.0% 14.8%
$10,000 to $100,000 13.4% 34.4% 37.0%
Less than $10,000 80.7% 52.5% 46.6%
Over this time period, the global millionaire population is set to reach
86 million. Below, we show how this is projected to change in select
markets:

Show
10
entriesSearch:
Country / Region Number of Millionaires
2022 Number of Millionaires
2027P Change
2022-2027P

🇺🇸 U.S. 22.7M 26.4M 16%
🇨🇳 China 6.2M 13.2M 112%
🇫🇷 France 2.8M 4.0M 43%
🇯🇵 Japan 2.8M 3.9M 40%
🇩🇪 Germany 2.6M 3.4M 30%
🇬🇧 UK 2.6M 4.8M 86%
🇨🇦 Canada 2.0M 3.3M 63%
🇦🇺 Australia 1.8M 2.8M 53%
🇮🇹 Italy 1.3M 1.7M 25%
🇰🇷 South Korea 1.3M 2.1M 64%

Showing 1 to 10 of 20 entriesPreviousNext
As the above table shows, double-digit growth in the millionaire
population is projected for many markets, with China, Brazil, and the UK forecast to see the fastest growth by 2027.

Overall, total global wealth is forecast to increase 6.7% annually on
average by 2027 factoring in current global inflation forecasts and GDP projections.

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