There could be more than 47 million millionaires in the world by 2018, a 50% increase over the current number of millionaires, according t o the latest Credit Suisse Global Wealth Report.
That number is expected to grow significantly among emerging economies, according to the report. The Asia-Pacific region could go from 5.2 million millionaires to 9 million, and China alone could nearly double its millionaire population in five years.
Growth in Brazil and Mexico could push Latin America to nearly 1 million millionaires in 2018.
Here's the projection from Credit Suisse:
And these charts show how Credit Suisse projects wealth will be distributed globally and in China in 2018.
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