(L to R) Brazil’s President Michel Temer, Russia’s President Vladimir Putin, China’s President Xi Jinping, South Africa’s President Jacob Zuma and India’s Prime Minister Narendra Modi pose for a group photo during the BRICS
Millionaire population in the BRICS countries will see a substantial surge over the next decade contributing to the largest increase in wealth across any group of nations, according to a recent report by Henley & Partners.
Millionaire count in the BRICS countries — which together hold $45 trillion in investable wealth — is forecast to rise by 85% over the next 10 years, the investment migration consultancy noted in its report published in partnership with global intelligence firm New World Wealth.
The BRICS bloc, which is composed of Brazil, Russia, India, China and South Africa, has expanded to include Egypt, Ethiopia, Iran, the United Arab Emirates this year, with Saudi Arabia also set to join the bloc.
Currently, there are 1.6 million individuals with investable assets of more than a million in the group. READ MORE...