Number of Millionaires in The World
The "World Wealth Report" is a report on individuals with a net worth of at least $1 million in all assets except their primary residence. The report is compiled annually by Capgemini for RBC Wealth Management (as of 2012. Previously, the report was compiled for Merrill Lynch).
World Wealth Report 2007 – "The 11th annual World Wealth Report from Merrill Lynch/Capgemini finds the World’s High Net Worth (HNW) population growing to 9.5 million with their assets rising to $37.2 trillion."
The number of U.S. households with a net worth of $1 million or more, not including first homes, fell by 2.5 million to 6.7 million in 2008, according to the Spectrum Group report, as reported by Reuters.
After the 27 percent drop, the number of millionaires is at the lowest level since 2003, when the millionaire population stood at 6.2 million.
The S&P 500 stock index has lost over half its value since the stock market peaked in October 2007, wiping billions from savings, while wealthy households also saw declines in the value of other assets such as property.
From the housing market peak in the second quarter of 2006, home prices have plummeted 26.7 percent through December, according to Standard & Poor's/Case-Shiller home price index.
The number of U.S. households with a net worth over $5 million, again not including first homes, fell by 28 percent to 840,000.
Some growth in international wealth and the number of high net worth individuals can be attributed to the weakness of the US dollar, as stated in the report.
According to the World Wealth Report 2010, the number of millionaires in Asia Pacific (Asia minus the Middle East) surpassed Europe’s for the first time in 2009
| HNWIs (more than $1 million) | ||
|---|---|---|
| Region | Number (2009) |
% of regional population (2006) |
| Global | 10,000,000 | 0.15% |
| North America | 3,100,000 | 0.62% |
| Europe | 2,900,000 | 0.41% |
| Asia-Pacific | 3,000,000 | 0.06% |
| Latin America | 400,000 | 0.07% |
| Middle East | 400,000 | 0.10% |
| Africa | 100,000 | 0.01% |
- Ultra-HNWIs (Ultra-HNWIs Account for 0.9% of All HNWIs) (more than $30 million, in 2009)
| UHNWIs (more than $30 million) | ||
|---|---|---|
| Region | Number (2009) |
% of regional population (2006) |
| Global | 93,100 | 0.001% |
| North America | 36,300 | 0.007% |
| Europe | 20,700 | 0.003% |
| Asia-Pacific | 19,600 | 0.0004% |
| Latin America | 10,700 | 0.002% |
| Middle East | 3,600 | 0.005% |
| Africa | 2,000 | 0.0002% |
Scotland has more female millionaires than male.
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