We Ll Have Twice As Many Super Rich People In 10 Years

China’s economy is actually expected to have a slow decline, but its tech, media, entertainment, and healthcare sectors are expected to defy this trend and produce more super rich businesspeople. Vietnam will see the biggest percentage increase, with its small population of ultra-wealthy expected to grow by 170%. North America is expected to see strong growth, with numbers increasing by 31% to around 96,000. It is currently home to the largest population of wealthy individuals, a lead they are not expecting to lose. Canada, in particular, will see a 50% increase, reflecting its status as a safe haven from political changes. This growing number of multi-millionaires isn’t expected to keep their money in local banks. The report also found that the ultra-rich invest 24% of their money in property, not including their first or second homes, and nearly one-third plan to invest in offshore real estate. Foreign money has caused a recent surge in home prices in select cities inside Canada, Australia, New Zealand, and the U.K.