Although the global economic environment has remained challenging, total global wealth has grown to a new record, rising by USD $20.1 trillion between mid-2013 and mid-2014, an increase of 8.3%, to reach USD $263 trillion – more than twice the USD $117 trillion recorded for the year 2000.
Our estimates for mid-2014 indicate that once debts have been subtracted, a person needs only USD $3,650 to be among the wealthiest half of world citizens. However, more than USD $77,000 is required to be a member of the top 10% of global wealth holders, and USD $798,000 to belong to the top 1%. Taken together, the bottom half of the global population own less than 1% of total wealth. In sharp contrast, the richest decile hold 87% of the world’s wealth, and the top percentile alone account for 48.2% of global assets.
The USA has by far the greatest number of members of the top 1% global wealth group, and accounts for 41% of the world’s millionaires.
Global wealth is expected to grow by 40%, reaching USD $369 trillion by 2019. Emerging markets will account for 26% of the additional wealth, compared to 11.4% of the extra wealth in the period from 2000 to 2014. The number of millionaires worldwide is projected to rise from 35 million to 53 million, an increase of more than 50%.