Global Wealth Hits Record High with 22.8 Million Millionaires

Surging stock markets and economic growth in 2023 have driven unprecedented increases in the fortunes of high net worth individuals.

The number of millionaires rose by 5.1% in 2023, reaching 22.8 million globally.
Total wealth of high net worth individuals increased by 4.7% to $86.8 trillion.
Major stock indices saw significant gains, with Nasdaq up 43% and S&P 500 up 24%.
North America led the growth, with millionaire numbers rising by 7.1%.
Calls for global wealth taxes have intensified amid growing inequality.