Thursday, October 18, 2007

"The Global Millionaire Boom"

Here's a link to the Yahoo! article (which in turn is showing Business Week Online content).

Household wealth is hitting record heights, and not just in the U.S. There are more millionaire households on the planet than ever before, particularly in Europe and in China, where growth rates are highest.

The total number of world millionaire households -- those with assets of $1 million or more -- grew by 14% in 2006, to 9.6 million, representing the richest 0.7% of all households and owning $33.2 trillion, or about a third of the world's wealth, according to a recent study by the Boston Consulting Group, a global management consulting firm.

No comments: