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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> Wealth Recovery

Now 11.2 million millionaires worldwide

Posted by RJ and Makay on Jun 16, 2010

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According to a new report by the Boston Looking to becomeConsulting Group global wealth recovered in 2009 but became more concentrated. Less than 1 percent of all households were millionaires but they own about 38 percent of the world's wealth. This is a 2 percent increase from 2008. Households with more than $5 million in wealth represented one tenth of one percent of households but owns about 21 percent, or about $23 trillion, of the worlds wealth. This was also a 2 percent increase over 2008.

Here's the interesting tidbits about millionaire households.