Zelda's Guide to the Rising Millionaire Population in BRICS Countries

BRICS: The New Powerhouses

Move over G7 because the BRICS countries are coming in hot! According to a report by Henley & Partners the millionaire count in the BRICS countries is set to skyrocket by 85% over the next 10 years. That's like finding 100 rupees in a treasure chest!

BRICS vs. G7

The BRICS bloc which includes Brazil Russia India China and South Africa is ready to challenge the G7's reign. While the G7 is expected to see a modest 45% increase in the number of millionaires over the next decade the BRICS bloc is set to steal the show with the highest wealth growth of any bloc or region globally. It's like defeating Ganon with a slingshot!

India Takes the Lead

India is leading the charge in wealth expansion with a projected 110% jump in wealth per capita by 2033. Looks like Link isn't the only one collecting rupees! Saudi Arabia follows closely behind with a forecasted wealth expansion of over 105% while the UAE China and Ethiopia are also set to experience significant growth. It's a race to collect as many rupees as possible!

China's Rise to Wealth

In the past decade China has seen a staggering 92% growth in private wealth. Link would be impressed! Meanwhile India comes in second place with an 85% expansion and the UAE takes the third spot with a 77% wealth growth. Ganon doesn't stand a chance against these economic powerhouses!

The BRICS Rollercoaster

Not all members of the BRICS coalition have had smooth sailing. South Africa and Iran have seen a decline in their millionaire populations since 2013. Looks like they need to find more heart containers to keep up!