Russia Has the Fastest Growing Number of Millionaires in the World

Mae Love
October 1, 2017

According to the World Wealth Report published by global consultancy firm Capgemini, Canada has over 356,900 high net worth individuals (HNWI), which is an increase of 11.3% from previous year.

A new report by global consultancy Capgemini found wealth among millionaires grew by a record 8 percent previous year to $63.5 trillion.

The report defines a dollar millionaire as a person who has more than $1 million (around 8.2 million kronor) in investible assets, which also does not include for example an art collection or consumer goods. Almost 4.9 million live in the U.S., 2.9 million in Japan, and over a million in both Germany and China, which, predictably has been rapidly rising up the rankings as its economy has expanded.

The Asia-Pacific, Europe and North America contributed equally to the rise in wealth, with Russia, Brazil and Canada reversing course from declines a year ago, the report showed.

Pep Guardiola reveals the team he would love to manage
The Blues dominated many games last season but wastefulness was costly and meant they fell short of challenging for the title. That is our feeling right now. "It will be so tough, but it's important in the process to show we can do that".

Flake: GOP needs to speak out against Moore's comments
And I think that when he gets to know me, that he will understand that I do support a very conservative agenda for this country. The source said Bannon was likewise meeting with and talking to candidate teams in Tennessee and Mississippi.

Maria could weaken to tropical storm within a day or so: NHC
Standing near Avon's closed fishing pier, Meekins pointed to where the dune line is gone, pounded down by previous storms. The Jones Act is a little-known federal law that prohibits foreign-flagged ships from shuttling goods between USA ports.

Technology companies could use "their agility, their speed to market, their ability to leverage data, to personalise, to drive transparency", areas where traditional wealth management firms are lacking, said Brian Sullivan, global head of financial services market intelligence at Capgemini.

Alternative investments, such as hedge funds, derivatives, foreign currency, commodities and private equity, fell to 9.7% from 15.7%.

Internationally, the community of dollar millionaires grew by 7.4 percent previous year, mainly thanks to real estate prices and confident stock markets around the world, reaching 14.9 million millionaires.

Other reports by

Discuss This Article

FOLLOW OUR NEWSPAPER