World Assets
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- Last Updated: Thursday, 08 August 2024 00:52
- Published: Thursday, 08 August 2024 00:50
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World Assets
This article goes over all the assets in the world and the ownership of those assets.
ASSETS
sifma.org is a very good resource for global capital market. Link for assets per year: https://www.sifma.org/resources/research/fact-book/
You can also find a pdf on the right side that has lots of detail for each year. For 2023: https://www.sifma.org/wp-content/uploads/2023/07/2024-SIFMA-Capital-Markets-Factbook.pdf
Total assets ib the world may be found out by adding up the price of all assets in the world. It's hard to find data for the world, but USA data is readily available. US wealth (excluding housing) was ~$70T in 2023.
- World stock market => ~$100T ($50T in USA). Assume most of it is owned by individuals, or finally goes to the individuals (i.e Pension funds, etc). About $0.5T of new equity is issued in the market
- World housing market => No matter which country house prices everywhere are soaring due to cheap money supply. In US, total residential Housing asset is ~$45T (as of 2023), so we may guess that housing market may be close to stock market valuation. So, about $100T in housing asset (minus the amount of mortgage loan, but that will be paid off eventually)
- Bonds => Bond market is $150T of
- Cryptocurrency => These have added $2T or so to world assets as combined market cap is ~$2T as of 2024. Top 5 cryptocurrency comprise 80% of the market. They are all traded on stock exchanges just like stocks.
- Bitcoin (BTC) = $1.2T or about 55% of market,
- Ethereum (ETH) => $0.3T or about 15% of market,
- Tether USDt (USDT) @$115B, BNB (BNB) @80B and Solana (SOL) @60B comprise next 12%
Wealth:
When it comes to wealth, developed economies have a lot of wealthy people. Though number of Billionaires reported as of 2022 is ~4K or so, I believe there are probably close to 10K billionaires in the world.
Billionaires by Country (US, China and India take top 3 positions) => https://en.wikipedia.org/wiki/List_of_countries_by_number_of_billionaires
To be in the top 1% of the population in any developed country, you need to have ~$1M in net assets. In USA, you need about $12M to be in the top 1% of households (see in USA section).
Top 1% wealth threshold per country => https://www.msn.com/en-us/money/personalfinance/america-s-richest-1-s-staggering-wealth-and-how-it-compares/ss-AA1fbf0q
Total wealth owned by individuals reached $600T as of 2023. It keeps rising at 5%-10% per year. Total number of millionaires in world is about 100M.