By 2034, the number of millionaires in BRICS countries is projected to increase.
The number of millionaires in BRICS countries is expected to surge by 85% by 2034, according to a recent report by Henley & Partners. The BRICS group, consisting of Brazil, Russia, India, China, and South Africa, underwent a major expansion to include Iran, Ethiopia, Egypt, the UAE, and Saudi Arabia. The report states that the total investable wealth currently held by individuals in these countries amounts to $45 trillion, with 1.6 million individuals possessing investable assets over $1 million.
February 18, 2024
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