Between mid-2018 and 2019, the number of millionaires has risen by more than 1 million worldwide (1.1 million in particular), despite the slowdown in global economic growth and trade wars, according to an annual report by Credit Suisse.

The rise in the number of millionaires over the past year has raised the number of millionaires worldwide to 47 million (46.8 million).

The world's millionaires now have $ 158.3 trillion, or 44 percent of the world's wealth, according to the report.

The United States continues to lead the number of millionaires as well as the rate of emergence of new millionaires. America added to the list of millionaires more than 675 thousand new millionaires last year, bringing the number of millionaires in America to 18.6 million, followed by Japan and China.

Australia was the biggest loser in the same period after the number of millionaires fell by 124,000.

Source Sky News

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