Wealth's new reality: big money moves east
The 2008 World Wealth Report released by Merrill Lynch and Capgemini reveals that the US is losing its market share of global millionaries.
26 June 2008
Publication
With the emergence of millionaires from economies such as Brazil, Russia India and China, the number of US millionaires is declining.
The number of millionaires from Brazil, India, Russia and China has jumped from 19%, with India’s millionaire population growing by 23%. The US still dominates the millionaire economy worldwide, with more than three million financial millionaires.
These findings were revealed from the publication of the World Wealth Report 2008, whch also revealed the types of investments the wealthy are likely to make.
To read the rest of the article at Wall Street Journal Europe, click here (subscription is required).
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.
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