The Millionaires Club Is Getting Crowded in Some Emerging Markets | Capital Group

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The Millionaires Club Is Getting Crowded in Some Emerging Markets

Emerging-market incomes are on the rise, and in some of the largest emerging markets, the number of wealthy individuals is growing at a fast pace. During the next 10 years, it’s expected that the number of millionaires in India will more than double. While growth in China, Brazil, and Russia isn’t expected to be as robust, a more than 30% increase in the number of millionaires in these countries during the next decade suggests that the affluent emerging markets consumer will be important for companies seeking to expand their global footprint.