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5 million people entered the group of millionaires 2020 despite the repercussions of Corona

Despite the devastating repercussions of the Corona pandemic, nearly 5.2 million people turned into millionaires and became millionaires in the past year, while the number of those who have a fortune estimated at least $ 50 million increased by almost a quarter.

In a report by Credit Suisse, it was revealed that the total global wealth accumulated by families rose by about 28.7 trillion dollars in 2020, as central banks flooded financial markets with money, which led to inflated asset prices, according to the Russian Sputnik agency.

Total household net worth, which includes all assets minus debt, rose to about $418.3 trillion, due to higher valuations of equity and residential property.

The report emphasized that the discrepancy between what happened to household wealth and what is happening in the broader economy could not be more pronounced than ever, and it was found that it was the rich who benefited most from the responses of policy makers, which caused the value of assets to inflate, with the widening gap between the rich and the poor. In most countries.

While the combined wealth of individuals with net wealth of at least $1 million has grown fourfold since 2000 to $191.6 trillion, while their share of global wealth has increased from about 35% to 46%.

The study confirmed that there were 56.1 millionaires in dollar terms globally at the end of 2020, an increase of 5.2 million over the previous year, while 215,000 people owned more than 50 million dollars, compared to 173,000 in 2019.