Posted 2/17/2024, 2:30:27 AM
BRICS Nations Poised for Millionaire Surge, Outpacing Western Peers Despite Challenges
- BRICS nations expected to see an 85% surge in millionaires over the next decade, outpacing the G7 countries
- BRICS alliance recently reached $45 trillion in combined investable wealth
- Currently 1.6 million millionaires and 549 billionaires within BRICS
- China saw 92% growth in private wealth over last decade, expected to continue rising
- Russia may find rebound difficult due to sanctions from Ukraine invasion, but increased BRICS funding could help
