Millionaires defy the credit crunch as rich get richer
The release of the 12th annual World Wealth Report by Merrill Lynch and Capgemini revealed the 'dollar millionaires club' grew by 6%.
24 June 2008
Publication
The 2008 World Wealth Report revealed that there are 10.1 million people worth in excess of $1m, who have managed to defy the credit crunch to increase thier wealth.
This year’s report showed that high net worth individuals (HNWIs) increased to $40.7 trillion. The UK houses around 5% of the global dollar millionaires.
To read the rest of the article at the Guardian.co.uk, click here.
To download the 12th annual World Wealth Report, click here.
To read the press release on how the emerging markets are fueling growth, click here.
To read the press release on increase of individuals joining the millionaires’ club, click here.
To read the press release on the rise of investments in luxury items, click here.
Further coverage:
