Thursday, June 30, 2011

103,000 Individuals With $15 Trillion in Investible Wealth.

And, that does not include their homes, jewelry, cars, yachts or any other of their luxury goods! Meanwhile the rest of us must accept austerity to one degree or another, "the world’s high net worth individuals (HNWIs)1 expanded in population and wealth in 2010 surpassing 2007 pre-crisis levels in nearly every region, according the 15th Annual World Wealth Report released today by Merrill Lynch Global Wealth Management and Capgemini.

Remember, we’re not talking total wealth here, only investible assets. The Capgemini-Merrill Lynch tallies don’t include the residences wealthy people call home, their diamonds, their luxury cars and yachts, or any other personal luxury goods and collectibles that sit in wealthy households.
[...]
The world’s ultra rich, those 103,000 deep pockets with at least $30 million to invest, could afford to pay off the entire national debt of the world’s biggest deadbeat nations without having to sacrifice a single Rolls or Bentley.

40% of the world's wealthiest live in the United States

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