The world added 52,00,000 new millionaires in the middle of pandemic

Nishan
2 min readMay 16, 2022

Being rich on the first hand needs a rich mindset. The sharp rise in the technology today has provided people in various sectors numerous opportunities to grow financially. One of the best things that’s happening is the wide participation of the people in the financial market. With the technology making it possible for the large amount of capital flow continuously through multiple channels have created huge wealth in a very short span of time eventually resulting the record number of rich individuals aka millionaires in the history of mankind.

Photo by Cade Prior on Unsplash

According to the Global wealth report 2021 by Credit Suisse, it estimates the total number of millionaires worldwide for 2020 was at 56.1 million. 5.2 million up from 2019.The US tops the list with 21.95 million (almost 40% of total) and China in second place with 9.4%. US in 2020 added total of 1.73 million millionaires adults followed by Germany, Australia, Japan, France, UK, China, Canada, Netherlands, and Italy.

Top 10 countries with highest number of millionaires and change from 2019(in thousands):

  1. United States: 21,951 (+1,730)
  2. Germany: 2,953 (+633)
  3. Australia: 1,805 (+392)
  4. Japan: 3,662 (+390)
  5. France: 2,469 (+309)
  6. United Kingdom: 2,491 (+258)
  7. China: 5,279 (+257)
  8. Canada: 1,682 (+246)
  9. Netherlands: 1,039 (+214)
  10. Italy: 1,489 (+187)

It doesn’t cost you anything to have a millionaire mindset. It’ll only help you become one.

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