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How many millionaires are there in Belgium?

  • Post category:Economy News
  • Reading time:3 mins read

While the current context is becoming increasingly difficult for Belgian households, some are still unaware of the crisis. But how many millionaires does Belgium have exactly? According to a Credit Suisse study, less than last year.

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27,000 fewer millionaires

According to the 2022 report of the banking group whose head office is located in Zurich, Belgium would have lost 27,000 millionaires (in dollars) in 2021. We recently told you about the income from which one could be considered rich, or even the money necessary to live properly today, but beyond the average person, how many millionaires live in Belgium?

According to the study carried out by Credit Suisse, there are 589,000 individuals. A decline that goes against the grain of global wealth, which grew by 9.8% last year, to 463,600 billion dollars, or 87,489 dollars per adult on average. Without considering the exchange rate effects (change in the exchange rate between various currencies), it can be estimated that global wealth increased by 12.7%, “the fastest annual growth ever recorded”, according to the Credit Suisse report. In question ? The good performance of stock markets last year and the appreciation of real estate.

Belgium in tenth position

Small comparison between countries. Switzerland is the country with the highest average wealth per adult in the world, at $696,600. Belgium is in tenth place, although it is one of the countries with the sharpest decline in wealth per adult, in particular because the euro has depreciated against the dollar. Thus, the wealth per Belgian has decreased by almost 3%, or $381,110 on average. Our country, on the other hand, has a good score in terms of wealth distribution.

The median amount (which divides a population into two equal groups) of wealth there amounts to 267,890 dollars, which places Belgium in second place behind Australia (273,900 dollars). Globally, there were 62.5 million people with wealth of at least $1 million last year, 5.2 million more than in 2020. The United States has the most (24 .5 million), far ahead of China (6.2 million).

For 2022, Credit Suisse expects high inflation, rising interest rates and falling house prices to weigh on wealth. In 2024, however, average global wealth is expected to exceed $100,000 per adult, and by 2026 the world will have over 87 million millionaires.

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