In 2006, 9.5 million people globally have more than USD1 million in financial assets
As reported by Capgemini and Merril Lynch’s World Wealth Report 2007.
These people are called High Net Worth Individuals (HNWI).
Other highlights:
- Added up, HNWIs are worth USD37.2 trillion
- Highest growth in HNWI population: Singapore, India, Indonesia, Russia
- Most HNWIs live in North America (3.2 million), followed by Europe (2.9 million), Asia Pacific (2.6 million), Latin America (400,000), Middle East (300,000) and lastly, Africa (100,000). Actual wealth distribution follow the same pattern.
- Ultra HNWIs (UHNWI) are those with assets worth more than USD30 million – there are 95,000 of them worldwide
- There are almost 40,000 UHNWIs in North America, more than 20,000 in Europe, almost 20,000 in Asia-Pacific, about 10,000 in Latin America and a few thousand in the Middle East and Africa.
- HNWIs allocated their financial assets as follows: equities (31%), fixed income (21%), cash/deposits (14%), real estate (24%) and alternative investments (10%).
The report can be downloaded free of charge from Merril Lynch’s website.
Source:
