After the financial crisis, inequality rose during the wealth creation process. This phase now appears to have ended.
Emerging economies will be responsible for almost one third of the growth, although they account for just a little more than one fifth of current wealth. Wealth will primarily be driven by growth in the middle segment, but the number of millionaires will also grow markedly over the next five years to reach a new all-time high of 55 million.
China now dominates the middle class segment worldwide and has vastly increased its number of ultra-rich individuals by 200 times since 2000.