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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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Personal Finance

Mapped: The Income a Family Needs to Live Comfortably in Every U.S. State

Families in expensive states require over $270,000 annually to live comfortably.

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A map showing the income that two working adults with two children need to live comfortably in each U.S. state.

The Income a Family Needs to Live Comfortably in Every U.S. State

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.

Families in the top five most expensive U.S. states require an annual income exceeding $270,000 to live comfortably.

This visualization illustrates the income necessary for two working adults with two children to maintain a comfortable lifestyle in each state.

“Comfortable” is defined as the income needed to cover a 50/30/20 budget, with 50% allocated to necessities like housing and utilities, 30% to discretionary spending, and 20% to savings or investments.

The calculations for family income needed in each state were done by SmartAsset, using the cost of necessities sourced from the MIT Living Wage Calculator, last updated on Feb. 14, 2024.

Massachusetts Tops the List

Massachusetts is the most expensive state to live comfortably in, requiring a total family income of about $301,184. Hawaii ($294,611) comes in second, followed by Connecticut ($279,885).

Housing is one main reason Massachusetts is an expensive state to live in, particularly in the Boston area. In addition, the state also has a high cost of living, including expenses such as healthcare and utilities.

RankStateIncome for 2 working adults raising 2 children
1Massachusetts$301,184
2Hawaii$294,611
3Connecticut$279,885
4New York$278,970
5California$276,723
6Colorado$264,992
7Washington$257,421
8Oregon$257,338
9New Jersey$251,181
10Rhode Island$249,267
11Vermont$248,352
12Minnesota$244,774
13New Hampshire$244,109
14Alaska$242,611
15Maryland$239,450
16Nevada$237,286
17Virginia$235,206
18Illinois$231,962
19Arizona$230,630
20Pennsylvania$230,464
21Maine$229,549
22Delaware$228,966
23Wisconsin$225,056
24Utah$218,483
25Michigan$214,490
26Nebraska$213,075
27Georgia$212,826
28Montana$211,411
28Iowa$211,411
30Idaho$211,245
31North Carolina$209,331
31Ohio$209,331
33Florida$209,082
34Indiana$206,003
35New Mexico$203,923
36Wyoming$203,424
37Missouri$202,259
38North Dakota$202,176
39Texas$201,344
40South Carolina$200,762
41Kansas$196,768
42Tennessee$195,770
43Oklahoma$194,106
44Alabama$193,606
45South Dakota$192,608
46Kentucky$190,112
47Louisiana$189,613
48West Virginia$189,363
49Arkansas$180,794
50Mississippi$177,798

Meanwhile, Mississippi is the least expensive state for a family to live comfortably, requiring $177,798 per year. Arkansas ($180,794) comes in second, followed by West Virginia ($189,363). In common, all these states share low prices of housing.

Learn More About Cost of Living From Visual Capitalist

If you enjoyed this post, be sure to check out this graphic, which ranks the median down payment for a house by U.S. state.

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