Soaring asset prices have fueled the number of rich people on the planet. Forbes reported a record 1,645 billionaires on the planet in March who currently have an aggregate net worth of $6.6 trillion. There were 793 people on our list of the World’s Billionaires with a collective net worth is $2.4 trillion five years ago in the depths of the recession.
High net worth individuals (HNWIs) have a net worth over US$1 million that does not count the principal residence.
At the end of 2013, there were just over 13 million HNWIs in the world. The United States of America had the highest number of HNWIs (just over 4 million) of any country.
Millionaires (HNWI 1-5 million) 20 million triple 2004 levels 2018-2020
Pentamillionaires (MNW 5-30 million) 2 million triple 2004 levels 2018-2020
Those predictions look to be on track.