Between June 2019 and June 2020, the number of millionaires grew by 5,632. - While wealth inequality is especially evident within the wealth ranges mentioned above, these differences can also be seen on a more regional basis between countries.
- In 2020, total wealth rose by $12.4 trillion in North America and $9.2 trillion in Europe. These two regions accounted for the bulk of the wealth gains, with China adding another $4.2 trillion and the Asia-Pacific region (excluding China and India) another $4.7 trillion.
- India and Latin America both recorded losses in 2020.
- Total wealth fell in India by $594 billion, or 4.4%. Meanwhile, Latin America appears to have been the worst-performing region, with total wealth dropping by 11.4% or $1.2 trillion.
- Household wealth is very unevenly distributed and this shows up in multiple ways. Geographical imbalance is evident in the fact that at the end of 2019 North America and Europe accounted for 55% of total global wealth, but only 17% of the world adult population. In contrast, the population share was three times the wealth share in Latin America, four times the wealth share in India, and nearly ten times the wealth share in Africa.
Region
|
Total Wealth (US$B)
|
Change in Total Wealth (US$B)
|
Change %
|
Wealth Per Adult (US$)
|
Change %
|
North America
|
136,316
|
12,370
|
10.0
|
486,930
|
9.1
|
Europe
|
103,213
|
9,179
|
9.8
|
174,836
|
9.8
|
Asia-Pacific
|
75,277
|
4,694
|
6.7
|
60,790
|
5.0
|
China
|
74,884
|
4,246
|
6.0
|
67,771
|
5.4
|
India
|
12,833
|
-594
|
-4.4
|
14,252
|
-6.1
|
Latin America
|
10,872
|
-1,215
|
-10.1
|
24,301
|
-11.4
|
Africa
|
4,946
|
36
|
0.7
|
7,371
|
-2.1
|
|
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