Emerging Markets to Add $12 Trillion Wealth by 2030 as 1 Million New Millionaires Emerge
Updated
Updated · Euronews · May 29
Emerging Markets to Add $12 Trillion Wealth by 2030 as 1 Million New Millionaires Emerge
3 articles · Updated · Euronews · May 29
BCG projects emerging markets, including China, will generate about $12 trillion in additional financial wealth by 2030, with households holding more than $250,000 in assets growing about 8% a year.
That expansion is expected to create more than 1 million new dollar millionaires before the decade ends, even as banks and advisers still underserve much of this fast-growing affluent class.
India is forecast to contribute more than $2 trillion of the new wealth, while Brazil adds roughly $1 trillion and Mexico about $600 billion; Vietnam, Indonesia, Saudi Arabia and Gulf states are also growing at developed-market-beating rates.
Knight Frank's data show the shift reaching the top tier: India's ultra-wealthy population jumped 63% from 2021 to 2026, while Indonesia is projected to lead global UHNW growth with an 82% rise over five years.
Global financial wealth still rose 10.7% to a record $333 trillion in 2025, but the report argues the next wave of clients, capital and luxury demand will increasingly come from cities such as Mumbai rather than traditional Western hubs.
Asia's first-generation tycoons are aging. Who will inherit the world's fastest-growing fortunes?
With the US dollar in a multi-year decline, which emerging market will become the next global financial hub?
As emerging markets create trillions in new wealth, can this boom survive escalating geopolitical conflicts?
The $100 Trillion Shift: How Emerging Markets Are Redefining Global Wealth and Investment
Overview
Global wealth is shifting rapidly from traditional Western centers to emerging markets, with cities like Mumbai, Jakarta, Riyadh, Ho Chi Minh City, and São Paulo becoming new hubs of prosperity. This eastward movement is driven by factors such as advanced manufacturing, the creation of regional investment hubs, and companies moving supply chains closer to Europe. Countries strategically located between Western Europe and emerging markets, like Poland, are attracting significant capital inflows and experiencing remarkable wealth growth. These changes highlight a major transformation in the global financial landscape, as emerging markets take center stage in wealth creation and accumulation.