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:

Credit Suisse

And these charts show how Credit Suisse projects wealth will be distributed globally and in China in 2018.

Credit Suisse

More From Business Insider

• Here's Where The World's Richest 0.00001387015% Live
  

• This Pyramid Shows How All The World's Wealth Is Distributed And The Gigantic Gap Between Rich And Poor
  

• The Right Men's Shoes For Every Type Of Pants [CHART]