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The Growth of Millionaires in Asia

  • lukestammer1
  • Dec 19, 2023
  • 1 min read

Updated: Dec 19, 2023


In the next 4 years, there will be an additional 25 million people with wealth exceeding $1 Million.


A 45% increase compared to 2022, according to UBS research.


The growth is coming from China and Asia-Pacific who will add another 12.4 million millionares


For context, the number of millionaires in these regions has grown ~9x in less than three decades.


The wave of consumption that has and will continue to occur is unstoppable.



This is not investment advice. Certain information contained herein has been obtained from third-party sources. Although Infusive believes the information from such sources to be reliable, Infusive makes no representation as to its accuracy or completeness. For more information, please review our disclosures at infusive.com/disclosures


 
 
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‡ This Representative sample (i) has not been selected based on size or performance (i.e. not top 10 holdings) (ii) Selected by Infusive to be a representative sample of industries and geographies currently in the portfolio (iii) reflects positions currently in the fund (iv) is subject to change. 

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