The latest data disclosed by Credit Suisse, a Switzerland-based financial services company, suggests the number of Turkish dollar millionaires will increase from 74,000 to 111,000 over the next five years.

Dollar millionaries increase in Turkey : Creddit Suisse

The latest data disclosed by Credit Suisse, a Switzerland-based financial services company, suggests the number of Turkish dollar millionaires will increase from 74,000 to 111,000 over the next five years. 


The Swiss financial giant’s wealth report for 2015 says there are currently 74,000 inpiduals having one million or more dollars in Turkey, which ranks 15th among countries where the greatest number of dollar millionaires live. The report expects that this figure will skyrocket to 111,000 by 2020, implying that over the next five years 20 Turkish people will become dollar millionaires every day. 

The U.S. outperformed all other countries with 15.7 million inpiduals having $1 million or more, which corresponds to 46 percent of all dollar millionaires in the world. It was followed by the U.K. and Japan with 2.4 million and 2.1 million dollar millionaire inpiduals, respectively. The report also touched upon the course of wealth owned by middle-class groups in the world for the past 15 years. Accordingly, the total wealth owned by Turkey’s middle class soared from $356 billion in 2000 to $775 billion in 2015.

DailySabah