How millions of people became millionaires during the pandemic?

Despite the global economic downturn caused by the COVID-19 epidemic, more than five million people became millionaires in 2020. Their riches were boosted by recovering stock markets and rising home values. According to Credit Suisse data, the number of millionaires worldwide climbed by 5.2 million to 56.1 million. For the first time in history, more than 1% of persons worldwide would have been millionaires in 2020.