I was skeptical when I saw that the number of “millionaires” in Ukraine has increased by 61% over the past year.
The statistic was just too on the nose for a narrative for it to be taken at face value. If true, the propaganda value for Ukraine war opponents would be obvious.
It turns out that, as far as we can accurately determine, the statistic is indeed correct, although it doesn’t quite mean what you would initially think, given the definition of “millionaire” in this context.
“The number of millionaires in Ukraine has increased by 61%.” https://t.co/N7s4NcXTXQ
— Ivan Katchanovski (@I_Katchanovski) May 5, 2025
It took a modest amount of poking around to parse out the truth, and to be honest, in the current information environment, I wouldn’t take any statistic at face value. The 61% figure is not especially reliable, but the large rise in declared…
