According to the study by Credit Suisse, each of the more than 8.3 million Portuguese adults had, on average, an estimated wealth of over 154,000 euros.
There are more and more millionaires in the world: in 2021 there were more than 62 million people with assets valued over one million, which, according to Credit Suisse’s Global Wealth Report 2022 released this Tuesday, represents an increase of around 9% compared to the previous year. However, in Portugal the number has decreased: last year, there were 159 thousand Portuguese millionaires, ten thousand fewer than in 2020.
According to the study by Credit Suisse, each of the more than 8.3 million Portuguese adults had, on average, an estimated wealth above 154 thousand euros, which represents an increase of 8% compared to the previous year and puts the wealth of the Portuguese above the world average of 87.5 thousand euros. In 2020, the average wealth of a Portuguese person was US$52,400.
Most Portuguese adults will have a wealth valued between ten thousand dollars and 100 thousand euros (43.8%) and between 100 thousand and one million euros (31.3%).
Global wealth grows but is increasingly concentrated
Another of the conclusions of this report is that the world’s wealth grew by 9.8 percent in 2021 but is increasingly concentrated in the few, as almost half of the money is in the hands of the 1% of people.
According to the Credit Suisse study, global wealth amounted to €465 billion at the end of last year, 45.6% (1.7% more than in 2020) of which 1% of people owned.
Furthermore, the increase in wealth was concentrated in just two countries: the United States represents half of the total and China a quarter of the ‘cake’.
The rest of the world shared a quarter of the remaining amount.
The United States has the most “ultra-rich”
The United States and China were the biggest contributors to global wealth growth last year, the first country with more than €20 billion and China with more than €11.3 billion.
The two countries were followed by Canada (with a further €1.9 billion) and by India and Australia.
The United States is also at the top of the list of countries with the most adults considered to be ultra-rich (with a net worth of more than 50 million euros): more than 140 thousand. China reappears in second place, with more than 32,000. Portugal is far from this super accounting: the Portuguese considered ultra rich are “only” 106.
In general, the number of the ultra-rich has increased by 21%, while the number of “simple” millionaires (those with more than one million euros) has increased by 9%, including 62.5 million people.
In 2021, another 30,000 new ultra-rich appeared in the US, another 5,200 in China, another 1,750 in Germany, another 1,610 in Canada and another 1,350 in Australia, but the departures from this group were scarce, with only the United Kingdom being cited (with 1,130 less 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 euros in 2021 and who represent more than half (53%) of the world’s population.
Europe accumulates the largest share of wealth in regional terms, behind the US and ahead of China, although it only increased by 1.7 billion in 2021, a fraction of the 32.6 billion euros added by the two biggest economic powers together. .