The number of millionaires in Mexico will reach 566 thousand individuals with more than one million dollars in 2026, according to Credit Suisse.
The population of millionaires in Mexico exceeded its pre-pandemic levels, reaching a total of 318,000 individuals with a wealth of more than 1 million dollars, compared to the 274,000 registered at the end of 2019, and the expectation is that this dynamism will continue until reach 566 thousand millionaires, an increase of 78 percent by 2026, which places the country as one of the fastest growing in the coming years among emerging economies, estimates Credit Suisse.
“While the number of millionaires in lower-income countries remains far from the levels in the United States or Europe, the numbers are expected to accelerate in the next five years,” says the Global Wealth Report 2022 .
In general, emerging economies are on an upward trend in their population of millionaires. According to Credit Suisse estimates, the global number of millionaires will exceed 87 million in 2026, an increase of 25 million from the closing figures of 2021 with a total of 62.4 million individuals.
Brazil, India, and Hong Kong are the emerging economies that will show the highest percentages of growth in the next five years, according to the report’s projections, with rates of 115, 105, and 98 percent, in that order. China follows with 97 percent growth; Taiwan with 86 percent and Mexico with 78 percent.
In Latin America, there were 915 thousand millionaires with more than 1 million dollars until 2021, of which 35 percent were in Mexico. Those 318,000 from Mexico surpassed those from Chile and Colombia with 66,000 and 39,000 millionaires, respectively.
About the ‘not so’ millionaires in Mexico
Adults in Mexico who have an estimated wealth of more than 100 thousand dollars represented 1.6 percent of the entire population over 18 years of age in Mexico, and totaled 86 million 570 thousand at the end of 2021, with a growth of 1.7 percent from 2020 and the median wealth per adult increased 8.6 percent to $48,138.
When separating this wealthy population into those who have more than 100,000 dollars from those who have more than a million dollars, the first group was made up of 8,332,000 individuals and the second by 318,000.
By type of wealth, the taste for financial assets has decreased among this population to 37.4 percent in 2021, from levels of 40 percent three years ago and, on the other hand, the taste for non-financial assets has increased, which represented 62.6 percent. percent of the value of their wealth, mainly in housing, and only 5.5 percent of their assets are in debt.
Although Brazil is the country with the highest index of wealth inequality in Latin America with a level of 89.2 points in the GINI coefficient of wealth, in Mexico it remained almost unchanged at 80.4 from 80.6 points.
“Wealth inequality has increased among the bottom half of the population, while it has decreased at the top,” the report says.
On average, the wealth share of the bottom 40 percent of adults in Mexico fell from 1.8 percent to –0.2 percent, while the share of adults between the 40th and 90th percentiles increased from 27.2 to 33.3 percent.
Global wealth reached 463.6 trillion dollars at the end of 2021, which represents an increase of 41.5 trillion dollars, that is, 9.8 percent; Taking into account the effect of inflation, the real increase was 8.2 percent. A total of 62.5 million millionaires worldwide made up the wealthy population at the end of 2021, with an average wealth per adult of 87,489 dollars.
Who are the most millionaire Mexicans?
Within the Bloomberg list of the world’s billionaires, Mexico has representatives within the first 500, with businessman Carlos Slim appearing highest in the ranking, as well as Germán Larrea, Ricardo Salinas Pliego, and Juan Beckmann Vidal.
This is the top 10 and the Mexicans from the Bloomberg count:
Carlos Slim Helu
- Sector: Telecommunications, industrial, financial, retail, infrastructure, energy, mining.
- Fortune to 2021: 55, 930 million dollars
- Fortune to 2022: 81,240 million dollars
German Larrea
- Sector: Mining, transportation, infrastructure, entertainment
- Fortune to 2021: 27, 110 million dollars
- Fortune to 2022: 30, 850 million dollars
Ricardo Salinas Pliego
- Sector: Retail, banking, entertainment, telecommunications
- Fortune to 2021: 12, 520 million dollars
- Fortune to 2022: 12, 450 million dollars
Bailleres family
- Sector: Mining, retail, insurance, pensions, beverages
- Fortune to 2021: 10, 480 million dollars
- Fortune to 2022: 6, 650 million dollars
Maria Asuncion Aramburuzabala
- Industry: Investments
- Fortune to 2021: 5, 630 million dollars
- Fortune to 2022: 6,180 million dollars
Eva Gonda de Rivera and family
- Sector: Beverages, retail
- Fortune as of 2021: $5.7 billion
- Fortune to 2022: 5,700 million dollars
Gonzalez Moreno Family
- Sector: Food, financial
- Fortune as of 2021: $2.74 billion
- Fortune to 2022: 5,500 million dollars
Servitje Montull Family
- Industry: Food
- Fortune as of 2021: $3.59 billion
- Fortune to 2022: 5,400 million dollars
Arango Family
- Industry: Food
- Fortune as of 2021: $4.3 billion
- Fortune to 2022: 4,400 million dollars
John Dominic Beckmann
- Sector: Beverages
- Fortune as of 2021: $7.18 billion
- Fortune to 2022: 4,059 million dollars
Distribution of wealth in Mexico: 50% of the poor population has more debts than assets
The average wealth of Mexican households is 833 thousand 660 pesos, detailed the Laboratory of World Inequalities.
According to a new study on the concentration of wealth in Mexico, the richest 10 percent of people have 30 times more income than the poorest 50 percent.
World Inequality Report 2022 was carried out by the World Inequalities Laboratory. The report details that only the 50 percent of the poorest population concentrates 9.2 percent of the national income in Mexico.
Furthermore, the poorest 50 percent have more debts than assets. It is also estimated that this population stratum has an average per capita income of 42,700 pesos per year. That is equivalent to only 10 percent of the richest, since they earn 1.3 million pesos.
The report points out that our country was unable to combat inequality in the 20th century, like other great economic powers.
The average wealth of Mexican households is 833 thousand 660 pesos, detailed the Laboratory of World Inequalities.
The study also confirms that the richer the countries, the more they pollute. The poor population emits just two tons of carbon dioxide per year, while the wealthy produce 20 tons in the same period of time.
The study developed a methodology based on the notion of Distributive National Accounts (DINA, for its acronym in English, Distributional National Accounts), with the aim of generating annual estimates of the distribution of income and wealth based on concepts consistent with the system. of national accounts, and comparable between countries and over time.
