Friday, June 23, 2006

got to love Millionaires

The Number of the worlds Millionaires grows,

In 1996 there were 4.5 million millionaires world wide, Now there ate 8.7 million.
A millionaires is defined as people with financial assets of at least $1 million, excluding their primary residence home value.
Millionaires were worth $33.3 trillion in 2005. Up from $30.7 trillion in 2004.
There were 85,400 people with assets of more than $30 million in 2005. a 10.2 percent increase form 2004 when they only numbered 77,500.
They invested in at 31 percent of assets. Most investments were made in the Asia-Pacific region in a shift away from North America and Europe.
North America had the greatest number of Millionaires at 2.9 million with over $10.2 trillion in wealth.
The high net worth population in North America too a nose dive from 9.9 percent in 2004 down to 6.9 percent in 2005. High enders are those with more than $30 million.

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