The combined wealth of all the world’s millionaires rose in 2017 for the sixth straight year, and topped the $70 trillion-mark for the first time on record.
The World Wealth Report from
The 11 percent year-to-year increase was the second-fastest since 2011, the report said. The wealth of all millionaires by 2025 is expected to exceed $100 trillion.
Those who are part of the study are called high net worth individuals, or people who have investment assets of $1 million or more.
“High net worth individuals around the world enjoyed investment returns above 20 percent for the second year in a row,” said Anirban Bose, head of
Those with at least $30 million in investment assets saw the most growth. Also on the rise, the report said, is enthusiasm for digital currency — as more than 55 percent of the world’s millionaires saying they have a high or moderate interest in holding cryptocurrencies.