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Visualizing the Pyramid of Global Wealth Distribution

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Global wealth distribution pyramid

Visualizing the Pyramid of Global Wealth Distribution

Who controls global wealth?

In 2022, the world’s millionaires held nearly half of net household wealth. Decades of low interest rates led equities and real estate values to soar, and these assets are disproportionately held among the world’s wealthiest.

While a steep rise in interest rates decreased these fortunes in 2022, the share of wealth controlled by the global millionaire population remains substantial.

The above graphic shows the distribution of global household wealth, based on the annual 2023 UBS Global Wealth Report.

The Distribution of Global Wealth

Worldwide net private wealth stood at $454.4 trillion in 2022.

Here’s how it was distributed across various levels of net worth, which takes a person’s financial and real assets such as housing, and subtracts their debt:

Net WorthNumber of AdultsShare of AdultsTotal WealthShare of Global Wealth
More than $1 million59.4M1.1%$208.3T45.8%
$100,000 to $1 million642.0M12.0%$178.9T39.4%
$10,000 to $100,0001.8B34.4%$61.9T13.6%
Less than $10,0002.8B52.5%$5.3T1.2%

The highest wealth rung controls $208.3 trillion in wealth, or 45.8% of the global total. Just 1.1% of the world adult population fall in this bracket.

Those with $100,000 to $1 million have the next greatest share, at 39.4% of net household wealth.

We can see that wealth ownership begins to decline dramatically in the next bracket. People with $10,000 to $100,000 control just 13.6% of global wealth. However, the number of people in the global middle class have more than doubled over the last two decades, driven by the rapid expansion of China.

Interestingly, the lowest segment of wealth has shrunk considerably since 2000. Between 2000 and 2022, it fell from 80.7% to 52.5% of the global population, and is projected to keep decreasing. Despite this, the total share of wealth controlled by this rung is just 1.2% of the global total.

Future Outlook

By 2027, global wealth is estimated to reach $629 trillion. Here’s the forecast for how wealth distribution is set to evolve:

Net WorthPercent of Global Adults
2000
Percent of Global Adults
2022
Percent of Global Adults
2027P
More than $1 million0.4%1.1%1.5%
$100,000 to $1 million5.5%12.0%14.8%
$10,000 to $100,00013.4%34.4%37.0%
Less than $10,00080.7%52.5%46.6%

Over this time period, the global millionaire population is set to reach 86 million. Below, we show how this is projected to change in select markets:

Country / RegionNumber of Millionaires
2022
Number of Millionaires
2027P
Change
2022-2027P
🇺🇸 U.S.22.7M26.4M16%
🇨🇳 China6.2M13.2M112%
🇫🇷 France2.8M4.0M43%
🇯🇵 Japan2.8M3.9M40%
🇩🇪 Germany2.6M3.4M30%
🇬🇧 UK2.6M4.8M86%
🇨🇦 Canada2.0M3.3M63%
🇦🇺 Australia1.8M2.8M53%
🇮🇹 Italy1.3M1.7M25%
🇰🇷 South Korea1.3M2.1M64%
🇳🇱 Netherlands1.2M1.4M17%
🇪🇸 Spain1.1M1.4M25%
🇨🇭 Switzerland1.1M1.5M39%
🇮🇳 India849,0001.4M69%
🇹🇼 Taiwan765,0001.3M70%
🇭🇰 Hong Kong SAR630,0001.1M73%
🇧🇪 Belgium536,000746,00039%
🇸🇪 Sweden467,000670,00044%
🇧🇷 Brazil413,000788,00091%
🇷🇺 Russia408,000569,00040%

As the above table shows, double-digit growth in the millionaire population is projected for many markets, with China, Brazil, and the UK forecast to see the fastest growth by 2027.

Overall, total global wealth is forecast to increase 6.7% annually on average by 2027 factoring in current global inflation forecasts and GDP projections.

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Demographics

The Smallest Gender Wage Gaps in OECD Countries

Which OECD countries have the smallest gender wage gaps? We look at the 10 countries with gaps lower than the average.

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Chart showing the OECD countries with the 10 smallest gender pay gaps

The Smallest Gender Pay Gaps in OECD Countries

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Among the 38 member countries in the Organization for Economic Cooperation and Development (OECD), several have made significant strides in addressing income inequality between men and women.

In this graphic we’ve ranked the OECD countries with the 10 smallest gender pay gaps, using the latest data from the OECD for 2022.

The gender pay gap is calculated as the difference between median full-time earnings for men and women divided by the median full-time earnings of men.

Which Countries Have the Smallest Gender Pay Gaps?

Luxembourg’s gender pay gap is the lowest among OECD members at only 0.4%—well below the OECD average of 11.6%.

RankCountryPercentage Difference in Men's & Women's Full-time Earnings
1🇱🇺 Luxembourg0.4%
2🇧🇪 Belgium1.1%
3🇨🇷 Costa Rica1.4%
4🇨🇴 Colombia1.9%
5🇮🇪 Ireland2.0%
6🇭🇷 Croatia3.2%
7🇮🇹 Italy3.3%
8🇳🇴 Norway4.5%
9🇩🇰 Denmark5.8%
10🇵🇹 Portugal6.1%
OECD Average11.6%

Notably, eight of the top 10 countries with the smallest gender pay gaps are located in Europe, as labor equality laws designed to target gender differences have begun to pay off.

The two other countries that made the list were Costa Rica (1.4%) and Colombia (1.9%), which came in third and fourth place, respectively.

How Did Luxembourg (Nearly) Eliminate its Gender Wage Gap?

Luxembourg’s virtually-non-existent gender wage gap in 2020 can be traced back to its diligent efforts to prioritize equal pay. Since 2016, firms that have not complied with the Labor Code’s equal pay laws have been subjected to penalizing fines ranging from €251 to €25,000.

Higher female education rates also contribute to the diminishing pay gap, with Luxembourg tied for first in the educational attainment rankings of the World Economic Forum’s Global Gender Gap Index Report for 2023.

See More Graphics about Demographics and Money

While these 10 countries are well below the OECD’s average gender pay gap of 11.6%, many OECD member countries including the U.S. are significantly above the average. To see the full list of the top 10 OECD countries with the largest gender pay gaps, check out this visualization.

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