Centi-Millionaire Boom: America and China Dominate the Super Rich Club, Business News
Business News

Centi-Millionaire Boom: America and China Dominate the Super Rich Club, Business News

Business new tamfitronics LONDON, Sept. 17, 2024 /PRNewswire/ -- There are currently 29,350 individuals worldwide with liquid investable assets of USD 100 million or more, according to the Centi-Millionaire Report 2024 released today by wealth and investment migration advisors Henley & Partners.This exclusive club has grown globally by 54% over the last decade, with America and China experiencing a centi-millionaire boom, significantly outperforming their European counterparts.China's ascent has been the most dramatic, with its centi-population expanding by 108% over the past 10 years — outpacing even the US, whose super-rich ranks swelled by 81% over the same period. In contrast, Europe's centi-millionaire growth has been anemic, increasing by only 26% over the past decade.Dr. Juerg SteffenCEO of Henley & Partners, says the lethargic performance is due to slow growth in major markets such as the...
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