Number of millionaires increases by 5.2 million

Dhe year 2021 has been a comparatively good one for fortunes around the world. This is the result of the annual "Global Wealth Report" published by the Swiss bank CreditSuisse presented in Zurich on Tuesday. While many people may have had the impression that crises have followed one another in recent years, without any significant time for personal economic recovery in between, these figures on global wealth development paint a different picture. "2021 was a record year for household wealth," said Axel Lehmann, Chairman of the Board of Directors of Credit Suisse Group and Chairman of the Credit Suisse Research Institute.

According to the report, global wealth rose by 9.8 percent year-on-year to $463.6 trillion in 2021. Average wealth per adult increased 8.4 percent to $87,489. These calculations still include a discount for the exchange rate development because the dollar had appreciated against many other currencies over the course of the year. Without this discount, the bank's total assets grew by 12.7 percent.

"This corresponds to the largest annual increase ever recorded," reports Credit Suisse. The number of millionaires around the world increased by 5.2 million or 9 percent to 62.5 million. In contrast to similar studies, the authors of the report considered net assets including real estate calculated in dollars.

For Germany, the bank states a declining number of millionaires – and a declining total wealth. At the end of 2021 there were almost 2.7 million millionaires in Germany, a decrease of 58,000 compared to the previous year. The total wealth of people in Germany had also shrunk, from 18.3 to 17.5 trillion dollars.

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