These Countries Will See Newly Minted Millionaires Skyrocket by 2023
When you hear: countries with the biggest populations of millionaires, you probably think, United States, China and Japan, right?????But a new study found that a surprising list of countries are actually set to have the fastest growing population of wealthy people.????A new report from wealth research firm Wealth-X, "High Net Worth Handbook 2019” has rounded up the list of countries across Africa, Asia and Europe set to have the fastest growth in millionaire populations.????The nation at the top of the list was Nigeria.
The West African nation will see a rise of its millionaire population by a compound annual rate of 16.3% between now and the year 2023.
????Followed by Egypt at 12.5% and Bangladesh with 11.4% growth.????Poland and Kenya are considered the ‘underdogs’ of this list because they are not in the traditional groupings of top emerging countries according to CNBC.????The United States continues to be at the top of the list of largest population of millionaires.
The report also revealed New York City is home to the MOST High Net Worth individuals, those with between $1m and $30m.