{"id":552975,"date":"2022-10-12T13:38:54","date_gmt":"2022-10-12T13:38:54","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/12\/the-number-of-mnaires-in-the-world-is-expected-to-grow-by-40-by-2026\/"},"modified":"2022-10-12T13:38:54","modified_gmt":"2022-10-12T13:38:54","slug":"the-number-of-mnaires-in-the-world-is-expected-to-grow-by-40-by-2026","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/12\/the-number-of-mnaires-in-the-world-is-expected-to-grow-by-40-by-2026\/","title":{"rendered":"The number of mn\u2019aires in the world is expected to grow by 40% by 2026"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>B\u2019naires might have <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1c24ac92-5079-4e41-8bc8-b2a892443d65\">lost<\/a><\/strong><strong> out this year (not that they\u2019re likely to miss it), but the<\/strong><strong> number of m\u2019naires is on the rise. <\/strong>The number of people around the world with at least USD 1 mn in assets will grow to surpass 87 mn by 2026, up 40% from the m\u2019naire population in 2021, according to <a href=\"https:\/\/ent.news\/2022\/9\/Global-wealth.pdf\">Credit Suisse\u2019s Global Wealth Report 2022<\/a>.<\/p>\n<p><strong>UHNWIs:<\/strong> The number of ultra-high-net-worth (UHNW) individuals \u2014 those with wealth above USD 50 mn \u2014 grew in 2021, adding 21% new members during the year. The global population of UHNWIs is expected to rise by 45% to reach 385k by 2026. The UHNW group as a whole is led by North America with 146,680 members (56%), followed by 42,780 (16%) living in Europe, 32,710 (12%) in China and 30,010 (11%) in Asia-Pacific countries (excluding China and India).<\/p>\n<p><strong>World wealth is growing fast:<\/strong> Aggregate global wealth grew 9.8% y-o-y to total USD 463.6 tn last year. Accounting for FX rate changes, the pace of growth was 12.7% \u2014 the fastest annual rate ever recorded. North America and China together accounted for 75% of that growth, while Africa, Europe, India and Latin America together accounted for just 11.1% of the rise in global wealth.<\/p>\n<p><strong>And it\u2019s not about to stop: <\/strong>While the Russia-Ukraine war and global inflation will likely hinder wealth creation in the short term, global household wealth in nominal USDs is likely to increase by another USD 169 tn \u2014 up 36% \u2014 by 2026.<\/p>\n<p><strong>China is expected to double its m\u2019naire population to number 12.2 mn in the next five years<\/strong>, despite current <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/62552dea-c67b-4684-96a1-152f98fcca00\">lagging<\/a> growth amid ongoing pandemic lockdowns. \u201cWe expect household wealth in China to continue to catch up with the United States, advancing the equivalent of 14 US years between 2021 and 2026.\u201d the report says.<\/p>\n<p><strong>Africa\u2019s m\u2019naire population pales in comparison but is also on the rise: <\/strong>Credit Suisse expects the number of African m\u2019naires to nearly triple, reaching 961k by 2026. (Remember: Egypt is home to some of the highest net-worth individuals in Africa, hosting <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/713782b6-cad9-4539-ac2a-932f006edb2c\">seven of the continent\u2019s 21 b\u2019naires<\/a>). The report doesn\u2019t, however, get into the specifics of any countries in Africa beyond Nigeria and South Africa, noting that there is a lack of \u201creliable data\u201d from which it can draw comparisons and conclusions. These two countries were selected as points of comparison to the continent as a whole, considering they are sub-Saharan Africa\u2019s two biggest economies, the report says.<\/p>\n<p><strong>It should come as no surprise that Saudi Arabia has the largest economy and the greatest household wealth in MENA<\/strong>, while the UAE is the second wealthiest Gulf state. According to the report\u2019s estimates \u2014 which were drawn from the relationship between household wealth and factors like household consumption, stock share prices, and home prices, observed in other nations \u2014 Saudi Arabia\u2019s total household wealth at the end of 2021 was USD 2.1 tn, compared to USD 1 tn in the UAE. But due to Saudi Arabia's larger population, the United Arab Emirates' wealth per adult at the end of 2021 (USD 122,841) stood 46% higher than that in Saudi Arabia (USD 84,407). Meanwhile, median wealth per adult was USD 19,323 in Saudi Arabia and USD 23,055 per adult in the UAE in 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>B\u2019naires might have lost out this year (not that they\u2019re likely to miss it), but the number of m\u2019naires is on the rise. The number of people around the world with at least USD 1 mn in assets will grow to surpass 87 mn by 2026, up 40% from the m\u2019naire population in 2021, according [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":552976,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7250],"tags":[104,633,643],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-552975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-macro-picture","tag-economy","tag-enterprisepm","tag-macro-picture","wpautop","entry"],"acf":{"mongo_id":"e269ced9-e19b-4b1e-85ab-124b6ae86c0e","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/10\/443.jpg","photo_position":"above","related_issue":[552962],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The number of mn\u2019aires in the world is expected to grow by 40% by 2026 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/12\/the-number-of-mnaires-in-the-world-is-expected-to-grow-by-40-by-2026\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The number of mn\u2019aires in the world is expected to grow by 40% by 2026\" \/>\n<meta property=\"og:description\" content=\"B\u2019naires might have lost out this year (not that they\u2019re likely to miss it), but the number of m\u2019naires is on the rise. 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This puts the country second only to South Africa, which dominates the list with almost double the amount of private\u2026","rel":"","context":"In &quot;THE MACRO PICTURE&quot;","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/516.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554396,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/05\/next-gen-fintech-players-in-emerging-markets-are-giving-the-old-guard-a-run-for-their-money\/","url_meta":{"origin":552975,"position":1},"title":"Next-gen fintech players in emerging markets are giving the old guard a run for their money","author":"enterpriseam admin","date":"5 December 2021","format":false,"excerpt":"The global digital payments race is heating up: Up-and-coming fintech firms in emerging markets are beginning to outpace Western financial companies who for years have controlled payment markets around the world, the Financial Times reported. Payment technologies such as mobile wallets, scannable QR codes, and smartphone software for contactless transactions\u2026","rel":"","context":"In &quot;THE MACRO PICTURE&quot;","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/579.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594418,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/29\/egyptian-adults-account-for-0-2-of-global-wealth\/","url_meta":{"origin":552975,"position":2},"title":"Egyptian adults account for 0.2% of global wealth","author":"enterpriseam admin","date":"29 October 2019","format":false,"excerpt":"Egyptians account for 0.2% of global wealth, with a total of 11 individuals with a net worth exceeding USD 500 mn, according to Credit Suisse\u2019s Global Wealth 2019 report (pdf). There are currently 86 Egyptians with a net worth between USD 100 mn and USD 500 mn. If your wealth\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/10\/43.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":564472,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/meet-the-tree-hugging-swfs\/","url_meta":{"origin":552975,"position":3},"title":"Meet the tree-hugging SWFs","author":"enterpriseam admin","date":"8 February 2021","format":false,"excerpt":"Sovereign wealth funds are piling into green investments, especially clean tech, as the push to combat climate change picks up steam, according to Barron\u2019s. The move towards green investments comes as part of the general uptick in funding for sustainable projects and appetite for environmental, social, or governance (ESG) impact,\u2026","rel":"","context":"In &quot;Macro picture&quot;","block_context":{"text":"Macro picture","link":"https:\/\/enterpriseam.com\/egypt\/category\/explainers\/macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/419.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":580789,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/18\/global-sovereign-wealth-funds-didnt-have-a-great-2022\/","url_meta":{"origin":552975,"position":4},"title":"Global sovereign wealth funds didn\u2019t have a great 2022","author":"enterpriseam admin","date":"18 January 2023","format":false,"excerpt":"Even sovereign wealth funds weren\u2019t spared in the 2022 market sell-off: The value of sovereign wealth funds declined for the first time ever in 2022 on the back of the rout in the global equity and bond markets, according to industry specialist Global SWF\u2019s annual report. Sovereign wealth funds \u2014\u2026","rel":"","context":"In &quot;Macro picture&quot;","block_context":{"text":"Macro picture","link":"https:\/\/enterpriseam.com\/egypt\/category\/explainers\/macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/693.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566649,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/mena-is-getting-a-taste-for-green-debt-issuance\/","url_meta":{"origin":552975,"position":5},"title":"MENA is getting a taste for green debt issuance","author":"enterpriseam admin","date":"5 July 2021","format":false,"excerpt":"Green debt issuance is on the rise in MENA: The value of green and sustainability-linked debt sales in the MENA region rose by 38% y-o-y in the first six months of 2021, exceeding the total issued in the whole of 2020, according to Bloomberg data cited by Trade Arabia. Some\u2026","rel":"","context":"In &quot;THE MACRO PICTURE&quot;","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/325.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/552975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=552975"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/552975\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/552962"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/552976"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=552975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=552975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=552975"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=552975"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=552975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}