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Wealth in Latin America increases by 3.9% in one year to 8.1 billion

The wealth in private hands in Latin America has increased by 3.9% to 8.1 trillion dollars in the year between mid 2016 and 2017, according to a study by the entity Financial Credit Suisse published today.

Geneva, 14 Nov (EFE) .- The wealth in private hands in Latin America has increased by 3.9%, to 8.1 billion dollars, in the year between mid-2016 and 2017, according to a study of the financial institution Credit Suisse published today.

Globally, the study has determined that global wealth in private hands has increased between mid-2016 and mid of 2017, 6.4% or 16.7 billion dollars, which represents the fastest growth rate since 2012 and a global wealth of 280 billion dollars.

According to the work of the bank Swiss, the wealth per adult in Latin America currently stands at $ 19,049, representing an increase of 2.1%.

By comparison, the global average is $ 56,540, which represents an increase of 4.9% and a new record.

However, the gap between those who have more and those who are less global is considerable, given that in the ranking of the Distribution of wealth shows that 3,500 million people, equivalent to 70% of all adults in the world, own less than 10,000 dollars.

The study highlights that in Latin America there are currently 460,000 people with more than 1 million dollars, and predicts that by 2022 they will be 54% more, that is 706,000.

Globally there are 36 million millionaires currently, after adding 2.3 million new in a year.

By countries in the region, Brazil has 164,000 millionaires and is expected to increase by 81% until 2022, to 296,000. < Mexico there were 84,000 millionaires in mid-2017, a figure that will rise to 88,000 in five years.

Argentines, meanwhile, have 30,000 millionaires among them, number that will experience an increase of 127% until 2022, date on which there will be 68,000, according to the report.

North America and Europe account for 64% of household wealth, but only the 17% of the adult population.

They are followed by Asia-Pacific (without China and India), China, Latin America, India and Africa.

In Latin America, wealth represents 9% adult, but only 3% of the world's fortune.

The report analyzes in more detail the economies of Brazil and Chile, and affirms in the case of the South American giant that the country has suffered a crisis that has reduced wealth per adult by 35% since 2011.

Brazil is among the many countries in which the majority of citizens have a wealth of between 10,000 and $ 100,000, but inequality is relatively high.

Only 1% of the wealthiest have 44% of the fortune of households in the country.

Wealth in Brazil billions of dollars and fortune per adult currently stands at $ 17,485.

In the case of Chile, one of the strongest economies in Latin America, the country registers wealth of 700,000 million dollars and 57,000 people with a fortune of more than one million dollars.

According to the Credit Suisse report, 79,000 adults are within the top 1% rich in the world.

The wealth per adult in that country amounts to $ 52,800, just "a little" below the world average and "is relatively high" compared to most of the emerging market economies, "says the study.

Chile also has a smaller proportion of adults with a wealth below $ 10,000 than the global average (37% against 70%) but also a percentage of adults slightly more than 100,000 dollars than in the global comparison (8% compared to 9%).

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