The Millionaire Surge: Countries Projected for Rapid Wealth Growth (2023-2028)
As we approach 2028, the following 12 countries are set to experience the fastest increases in millionaire populations:
1. Taiwan: 788,799 to 1,158,239 millionaires (47% growth)
2. Türkiye: 60,787 to 87,077 millionaires (43% growth)
3. Kazakhstan: 44,307 to 60,874 millionaires (37% growth)
4. Indonesia: 178,605 to 235,136 millionaires (32% growth)
5. Japan: 2,827,956 to 3,625,208 millionaires (28% growth)
6. South Korea: 1,295,674 to 1,653,799 millionaires (27% growth)
7. Israel: 179,905 to 226,226 millionaires (26% growth)
8. Mexico: 331,538 to 411,652 millionaires (24% growth)
9. Thailand: 100,001 to 123,531 millionaires (24% growth)
10. Sweden: 575,426 to 703,216 millionaires (22% growth)
11. India: 868,671 to 1,061,463 millionaires (22% growth)
12. Brazil: 380,585 to 463,797 millionaires (22% growth)
Taiwan leads with a forecasted growth fueled by a thriving tech sector and wealthy immigration.
Türkiye benefits from its growing tech industry and multiple unicorn startups.
In contrast, the UK and the Netherlands face declines, with the UK expected to lose 17% of its millionaires due to economic challenges and emigration.
This shift in millionaire distribution highlights emerging markets as new wealth centers, presenting both opportunities and challenges for investors and policymakers.
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