Some states are experiencing significantly faster wealth growth than others. The overview shows where global wealth is concentrated.
An international ranking shows clear differences in the growth of private assets. According to the study “The World’s Fastest Growing Wealth Markets” by Henley & Partners, based on analysis by New World Wealth, some smaller countries are experiencing particularly strong growth in wealthy individuals, while large economies remain key magnets for global wealth. The main drivers are wealth migration, economic conditions and the location attractiveness of the respective countries.
The data is as of December 2024.
Editorial team finanzen.net
11th place: The ranking
This ranking shows the countries with the highest relative wealth growth for wealthy individuals. The basis is the study “The World’s Fastest Growing Wealth Markets” by Henley & Partners and data evaluations by New World Wealth. The data is as of December 2024.
Source: New World Wealth, Image: Christian Zachariasen/Getty Images
10th place: Panama
Panama closes the top ten with a growth of 69 percent. The asset base includes approximately 7,500 millionaires, 35 centi-millionaires and 3 billionaires. The financial sector is strengthening the country’s position.
Source: New World Wealth, Image: Design_Bank / Shutterstock.com
9th place: Latvia
Latvia has a growth rate of 70 percent. Around 3,400 millionaires and 18 centi-millionaires live in the country. International investments are playing a growing role.
Source: New World Wealth, Image: Aleksey Klints / Shutterstock.com
8th place: India
India also shows a growth of 72 percent. The wealth market includes approximately 310,100 millionaires, 992 centi-millionaires and 114 billionaires. Digitalization and business start-ups are driving the increase.
Source: New World Wealth, Image: pockygallery / Shutterstock.com
7th place: Costa Rica
Costa Rica is experiencing growth of 72 percent. The market includes around 8,400 millionaires, 42 centi-millionaires and 3 billionaires. Political stability and quality of life encourage the influx of wealthy people.
Source: New World Wealth, Image: Gianfranco Vivi / Shutterstock.com
6th place: China
China achieved a growth rate of 74 percent. The wealth base is around 827,900 millionaires, 2,258 centi-millionaires and 278 billionaires. Wealth creation occurs primarily through industry and entrepreneurship.
Source: New World Wealth, Image: Aleksey Klints / Shutterstock.com
5th place: USA
The USA is recording growth of 78 percent. With around 6,041,600 millionaires, 10,835 centi-millionaires and 867 billionaires, they remain the world’s largest wealth market. Capital markets and entrepreneurship are key drivers.
Source: New World Wealth, Image: Vacclav / Shutterstock.com
4th place: Poland
Poland has a growth rate of 82 percent. The wealth market includes approximately 41,700 millionaires, 82 centi-millionaires and 7 billionaires. Economic dynamism and rising company values are contributing to the increase.
Source: New World Wealth, Image: fotorince / Shutterstock.com
3rd place: Malta
Malta achieved growth of 87 percent. Around 12,200 millionaires, 71 centi-millionaires and 5 billionaires live in the country. The status as a European safe haven location supports asset growth.
Source: New World Wealth, Image: istock / Yuriy Kirsanov
2nd place: United Arab Emirates
The United Arab Emirates is recording growth of 98 percent. The asset base includes approximately 130,500 millionaires, 325 centi-millionaires and 28 billionaires. Tax conditions and a high location attractiveness promote wealth migration.
Source: New World Wealth, Image: em_concepts / Shutterstock.com
1st place: Montenegro
Montenegro is the most dynamic asset market in the world. The number of millionaires has grown by 124 percent. In total, around 2,800 millionaires, 22 centi-millionaires and 2 billionaires live in the country. The strong influx of wealthy private individuals is a key growth driver.
Source: New World Wealth, Image: Katharina Wieland Müller / pixelio.de
