According to the study by Credit Suisse, each of the more than 8.3 million Portuguese adults owns, on average, a fortune estimated at more than 154,000 euros.
There are more and more millionaires in the world: In 2021, there were more than 62 million people with assets worth more than one million, according to World Wealth Report 2022 From Credit Suisse released Tuesday, it represents an increase of about 9% over the previous year. However, the number in Portugal has decreased: last year, there were 159 thousand Portuguese millionaires, ten thousand less than in 2020.
According to a study by Credit Suisse, more than 8.3 million Portuguese adults each had, on average, a fortune estimated at more than 154 thousand euros, which is an 8% increase over the previous year and puts the wealth of the Portuguese above. The global average is 87.5 thousand euros. In 2020, the average wealth of a Portuguese person was $52,400 USD.
Most Portuguese adults will have a fortune between ten thousand dollars and 100 thousand euros (43.8%) and between 100 thousand and one million euros (31.3%).
Global wealth is growing but increasingly concentrated
last of Conclusions From this report, the world’s wealth grew by 9.8 percent in 2021 but is increasingly concentrated in the few, as nearly half of the money is in the hands of 1 percent of the people.
According to the Credit Suisse study, global wealth amounted to 465 billion euros at the end of last year, 45.6% (1.7% more than in 2020) owned by 1% of the people.
Moreover, the increase in wealth was concentrated in only two countries: the United States accounted for half of the total and China a quarter of the “pie”.
The rest of the world shared a quarter of the remaining amount.
The United States has the most ‘obscenely wealthy’ country
The United States and China were the largest contributors to global wealth growth last year, the first with more than 20 billion euros and China with more than 11.3 billion euros.
The countries were followed by Canada (with an additional 1.9 billion euros), India and Australia.
The United States also tops the list of countries where most adults are considered super-rich (net worth over €50 million): over 140k. China re-emerged in second place, with more than 32,000. Portugal is far from this super-accounting: the Portuguese who count as the super-rich are “only” 106.
In general, the number of super-rich people increased by 21%, while the number of “simple” millionaires (those with more than 1 million euros) increased by 9%, including 62.5 million people.
In 2021, another 30,000 super-rich appeared in the United States, another 5,200 in China, 1,750 in Germany, another 1,610 in Canada, and 1,350 in Australia, but exits from this group were rare, with the kingdom being mentioned. Only the United States (with less than 1,130 people), Turkey (minus 330) and Hong Kong (minus 130).
At the base of the pyramid are those who had a “wealth” of less than €10,000 in 2021 and who represent more than half (53%) of the world’s population.
Europe collects the largest share of wealth regionally, after the United States and ahead of China, although it only increased by 1.7 billion euros in 2021, a fraction of the 32.6 billion euros added by the two largest economies combined.
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