Their total wealth reached $86.8 trillion in 2023, a 4.7 percent increase from the previous year, according to the annual World Wealth Report. The number of HNWI and their total wealth are the highest since Capgemini began the annual study in 1997. "However, 2023 brought economic growth and improved fortunes for major investment sectors to reverse the falloff," the report said. Rising wealth and inequality in the world have fuelled debates on making the rich pay their fair share of taxes. Brazil and France have pressed fellow G20 countries to set a global minimum tax on the world's wealthiest people.
