Not Poor Anymore? Belarus In Global Wealth Report 2019

The wealth of a Belarusian, in global terms, has slightly increased, according to the most recent Global Wealth Report 2019 by the Credit Suisse Research Institute.

Worldwide, the number of new U.S. dollar millionaires increased by 1,1 million to 46,8 million.

Switzerland ($564,650)  holds a top spot, followed by Hong Kong ($489,260) and the U.S. ($432,370). Australia lost 124,000 millionaires (down $28,670) as its currency slipped against the U.S. $.

Meanwhile, the average wealth level of a Belarusian adult has slightly grown to $5,176. The numbers look better as compared to last year when Belarus got into the poor countries category.

Among Belarus’ neighbours, the welfare level was lower only in Ukraine with $2,933 per person. In Lithuania, it amounts to $6,425  in Russia – $10,596, in Poland – $18,574 , in Latvia – $24,656.

Besides personal wealth (bank deposits and savings), experts evaluated non-financial (real estate) wealth. In this category, the level of wealth of Belarusians was higher – an average of $12,913 per adult.

Interestingly, the study found out that this year the number of rich Chinese has surpassed the count of wealthy Americans for the first time as both countries keep churning out millionaires.