The Everyday Millionaire group, defined by assets between $1 million and $5 million, has seen significant growth, rising from just over 13 million in 2000 to nearly 52 million by 2024. Their collective wealth reached approximately $107 trillion, making them a substantial force in global wealth. Factors such as demographic changes and rising asset prices, along with trends like the great wealth transfer and women gaining financial control, have influenced this evolution in wealth distribution, showcasing a more pervasive impact of EMILLIs across the economy.
At the dawn of the millennium, there were just over 13 million EMILLIs worldwide. Fast forward to the end of 2024, and that number had skyrocketed to nearly 52 million, a more than fourfold increase in less than a quarter-century.
By the end of 2024, the EMILLI group controlled approximately $107 trillion, over four times their total at the start of the millennium, nearly matching the $119 trillion held by those with more than $5 million.
Demographics and long-term asset price trends mean dramatic breaks in the allocation of wealth are rare. The great wealth transfer, the importance of property, women’s increasing control of wealth has evolved the nature of wealth.
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