The number of millionaires in the world grew to nearly 47 million over the past year, and they now own close to half of the world's wealth, according to a new study.
The world's 46.8 million millionaires are now worth a combined $158.3 trillion – or 44% of the world's total wealth.
The United States still leads the world in total number of millionaires and growth.
The U.S. added 675,000 new millionaires over the past year, bringing its total to 18.6 million.
China, whose economy is slowing due in part to the trade tensions, still added 158,000 new millionaires, bringing its total to 4.5 million.
The bottom half of the world's population account for less than 1% of global wealth, according to the report.
The bottom 90% of the world's adult population – about 4.5 billion adults – account for 18% of global wealth. »