You are in one of the category of Reflections of a Business Driven Life.  To read all posts, go to the main page, or you can choose to read or subscribe to a category:   on technology, on life, on business, favorite quotes, jokes, tidbits, EntrepreViews & reading reviews.

	Saturday, June 11, 2005

The Increase of Millionaires Worldwide  (tidbits) Here is an interesting joint study made by Cap Gemini and Merill Lynch.  According to their World Wealth Report, the number of High Net Worth Individuals ( or rather US dollar millionaires since the criteria is the individual has a net worth of at least 1 million US dollars excluding that of his primary residence) increased by 600,000 in 2004 to post a new high of 8.3 million. For the first time since 2001, North America, with a growth of over  7.3% now has more millionaires than Europe with 2.7 million compared to 2.6 million.  Asia Pacific posted the growth of 8 percent to more than 2.3 million. There are only about 300,000 millionaires in Latin America, and another 300,000 in the Middle East, while another 100,000 came from Africa.  However, due to strong oil prices, the growth of Middle East wealth was the most significant at almost 29%. By country, Singapore has the number 1 growth at 22% ( now with 48,500 millionaires), followed by South Africa at 21% ( now with 37,000 ) and Hong Kong at 18.8 % ( now with 67,500 millionaires).  The United States has the most number of millionaires at 2.5 million. The full report can be downloaded here.   4:47:42 PM     comment []   trackback []