WealthAug 18, 2024
Millionaire Growth by Region (2016-2023)
@visualcapitalist
What We’re Showing
This graphic illustrates the growth in the total number of millionaires per region from 2016 to 2023. Data is sourced from Capgemini.
Key Takeaways
- North America and the Middle East have experienced the largest percentage increase in the number of millionaires since 2016
- North America also leads in absolute numbers, having added 2.7 million millionaires over the past seven years
- Meanwhile, Latin America and Africa have seen no change in the number of millionaires
Dataset
| Region | 2016 (total millionaires) | 2023 | % Change |
|---|---|---|---|
| North America | 5.2M | 7.9M | 52% |
| Asia-Pacific | 5.5M | 7.4M | 35% |
| Europe | 4.5M | 5.8M | 29% |
| Middle East | 600K | 900K | 50% |
| Latin America | 600K | 600K | 0% |
| Africa | 200K | 200K | 0% |
Data sources
A millionaire is someone with liquid investable wealth of $1 million or more. All figures rounded. As of 2024.
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7.2K
