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Global Millionaires Surge as Poverty Falls to 10.2%

8/8/2025

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Summary

Story summary

Since 2010, the global economy has expanded by 67%, decreasing poverty from 21% to 10.2%.
The number of millionaires has surged to around 60 million in 2024, more than doubling.
Over 95% of millionaires live in 25 countries, with nearly 40% based in the U.S.
Wealthier nations show a trend of higher GDP per capita and reduced agricultural output.
China and the U.S. dominate millionaire counts, with 6.3 million and 23.8 million, respectively.

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Story summary

Since 2010, the global economy has expanded by 67%, decreasing poverty from 21% to 10.2%.
The number of millionaires has surged to around 60 million in 2024, more than doubling.
Over 95% of millionaires live in 25 countries, with nearly 40% based in the U.S.
Wealthier nations show a trend of higher GDP per capita and reduced agricultural output.
China and the U.S. dominate millionaire counts, with 6.3 million and 23.8 million, respectively.