Wednesday, June 21, 2006

8.7 Million millionaires

Global millionaires grow to 8.7M

To be counted as a millionaire in this study, one needed $1,000,000 in net assets not including their primary residence.

Those with financial assets of more than $30 million -- known as ultra high net worth individuals -- grew 10.2 percent to 85,400.

South Korea saw the biggest rise in millionaires last year, with their ranks swelling by 21.3 percent.

It was followed by India, up 19.3 percent, and Russia, up 17.4 percent.

South Africa, Indonesia, Hong Kong, Saudi Arabia, Singapore, the United Arab Emirates and Brazil all posted double-digit increases. Numbers in China grew 6.8 percent

The USA has 2.67 million millionaires.

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