wealth

Britain to Lose Significant Number of Millionaires by 2028, Report Predicts

According to a report, Britain is anticipated to lose nearly one in six of its U.S. dollar millionaires by 2028. Meanwhile, other countries like the United States and Taiwan are expected to see a rise in their millionaire populations.

The UBS Global Wealth Report for 2024 forecasts a 17% decrease in the number of dollar millionaires in Britain, dropping from 3,061,553 last year to 2,542,464 by 2028. Similarly, the Netherlands is projected to see a 4% decline, reducing its millionaire count from 1,231,625 to 1,179,328.