[lbo-talk] Millionares Club

Kevin Robert Dean qualiall at adelphia.net
Wed Jun 16 11:48:58 PDT 2004


MOST MILLIONAIRES

The United States led the field in terms of wealth creation, with the number of millionaires rising by 14 percent to 2.27 million, the largest gain in actual numbers of any country.

North America as a whole saw growth in high-net-worth individuals of 13.5 percent and Asia 8.4 percent.

In China, which saw surging economic growth last year, the number of high-net-worth individuals rose 12 percent and India 22 percent.

Europe showed a more modest increase, with the number of millionaires up 2.4 percent to 2.6 million.

"That partly can be attributed to the more restrictive European income-tax policies which impeded personal wealth accumulation," the report said.

Britain was in the global top 10 for growth in high-net-worth individuals. The survey found that 383,000 people were in the high-net-worth bracket in the UK last year, an increase of eight percent. Full: <http://story.news.yahoo.com/news?tmpl=story&cid=568&e=9&u=/nm/financial_wealthy_dc>

Their combined wealth also rose eight percent, to $1.34 trillion.

The survey also highlighted a small, but fast-growing global group of 70,000 super rich individuals with more than $30 million in financial assets. It found that this group was growing at a faster pace than those in the $1 million-plus bracket.



More information about the lbo-talk mailing list