The world's millionaire population will leapfrog to 53 million from 35 million over the next five years, supported by an explosion of wealth in emerging markets, according to Credit Suisse.
China will be a large driving force in the growth of global wealth, alongside Indonesia, India, Mexico and Brazil, the bank said.
The number of Chinese millionaires is set to double to more than 2 million by 2019, the bank projects. While Indonesia, India, Mexico and Brazil, will see substantial increases of 64 percent, 61 percent, 57 percent and 47 percent, respectively.
Outside of developing economies, the U.S., France, the U.K. and Germany will also churn out their fair share of millionaires.
The U.S. is home to around 14.2 million millionaires, the largest share globally. It's expected to hold on its throne, with the number of millionaires seen growing almost 40 percent to 19.7 million by 2019, according to the bank.