Austrian Club of Dollar Millionaires Shrinks

Austrian Club of Dollar Millionaires Shrinks

APA/dpa/Karl-Josef Hildenbrand

The club of dollar millionaires in Austria became smaller last year, while it reached a record size globally. This emerges from the “World Wealth Report” for the consult­ing firm Capgemini published on Wednesday. An estimated 23.4 million people worldwide—and thus 2.6 percent more than in 2023—had investable assets of at least one million dollars in 2024. In Austria, there were 162,300 persons, after 170,300 the year before.

Capgemini valued the wealth of Austrian dollar millionaires at just over 461 billion dollars (currently 403.71 billion euros). That was also less compared with the previous year, when they still held over 471.4 billion dollars in Austria. In 2022, 169,600 Austrian millionaires had come to 469.1 billion dollars.

Capgemini includes in its annually produced “World Wealth Report” since 1997 stocks, fixed-income securities, alternative investments such as private equity, cash, as well as real estate—provided it is not owner-occupied. Art collections and consumer goods such as cars and jewelry are not counted.

Globaler Anstieg dank Aktienmärkten
As the reason for the global record value (since the first evaluation in 1997, ed.) Capgemini named in particular rising prices on many stock markets. The wealth of the rich also climbed to a record level: 90.5 trillion dollars (79.3 trillion euros) meant, according to the calculations, an increase of 4.2 percent over the previous year. Once again, the lion’s share of the increase in wealth came from the USA.

The United States stand—with 7.993 (7.431) million dollar millionaires—by far at the top of the ranking. In second place remains Japan with 3.99 (3.77) million wealthy private individuals, followed by Germany in third place with around 1.6 million dollar millionaires. These three countries plus China unite almost two-thirds (64.5 percent) of the world’s dollar millionaires. According to the information, the evaluation covers 71 countries, which account for more than 98 percent of global gross national income and 99 percent of global stock market capitalization.

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