Tuesday, June 22, 2010

Who Wants to be a Millionairrrrrrre?!

Don't ya just love lists? And piles of facts that can make you feel really small? Well sit back and enjoy these loving results from the Boston Consulting Group in a June report entitled Global Wealth 2010: Regaining Lost Ground: Resurgent Markets and New Opportunities. Basically, it tells you where all the rich folks live and what they own. Here are some of the results:


· Global wealth staged a remarkable comeback in 2009 after its steep decline in 2008. [Assets under management] increased by 11.5% to $111.5 trillion, just shy of the year end peak in 2007.


· North America posted its greatest absolute gain in wealth at $4.6 trillion, but the largest percentage increase occurred in Asia-Pacific (ex-Japan), where wealth increased by 22%, or $3.1 trillion.


· Millionaire households represented less than 1 percent of all households but owned about 38% of the worlds wealth, up from about 36% in 2008. In North America, Africa and the Middle East, millionaire households represented more than half of the wealth in those regions.


· The United States had by far the most millionaire households (4.7 million), followed by Japan,
China, Switzerland and the Middle East.


· Switzerland remained the largest off-shore center; it accounted for $2.0 trillion, or about 27 percent, of all off-shore wealth.


· Women control about 27 percent of global wealth, meaning that they decide where it is invested. North America had the highest proportion at 33 percent.


· Latin American household asset growth rose by 16% to $3.4 billion, and Europe, despite the massive debt problems it now faces, was the wealthiest region with more than $37 trillion in assets under management, an increase of 8.8% from 2008.


Feeling all warm and fuzzy inside? I want it; I want it; I want it….. Oh well… Level playing field anyone?


I'm Peter Dekom, and sometimes I'll admit to being a tad jealous.

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