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Millionaires Now Control Half of the Worlds Personal Wealth
Key Excerpts from Article on Website of Bloomberg


Bloomberg, June 14, 2018
Posted: July 1st, 2018
https://www.bloomberg.com/news/articles/2018-06-14/millionai...

The rich are getting a lot richer and doing so a lot faster. Personal wealth around the globe reached $201.9 trillion last year, a 12 percent gain from 2016 and the strongest annual pace in the past five years, Boston Consulting Group said in a report released Thursday. Booming equity markets swelled fortunes, and investors outside the U.S. got an exchange-rate bonus as most major currencies strengthened against the greenback. The growing ranks of millionaires and billionaires now hold almost half of global personal wealth, up from slightly less than 45 percent in 2012, according to the report. In North America, which had $86.1 trillion of total wealth, 42 percent of investable capital is held by people with more than $5 million in assets. Investable assets include equities, investment funds, cash and bonds.

Note: Read an intriguing CNBC article on the good habits of the rich that help them to the top. For more along these lines, see concise summaries of deeply revealing income inequality news articles from reliable major media sources.


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