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WWS is an C-level executive, consultant, writer, investor and entrepreneur. He has held leadership positions in start-up companies as well as in public Fortune 100 corporations. He has advised Fortune 500 companies throughout the world on business processes, technology, and human capabilities. WWS wants to discover and share with you new knowledge and wisdom gained throughout his success journey.

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More Than 10 Million Millionaires in the World

June 25th, 2008 • Related • Filed Under


In the very popular article How Many Millionaires are There in the World? we shared with you not only the number of millionaires in the world but also other relevant information about where they are located, how they made their millions, and other interesting statistics that helps you compare your own situation to those of the richest people in the world.  In this article we are happy to report an update to the data provided in that article.

 

According to the recently released 2008 World Wealth Report from Merrill Lynch and Cap Gemini the number of millionaires in the world has surpassed the 10 million mark.  In 2007 there were 10.1 million individuals worldwide that held at least US$1 million in financial assets, an increase of 6% over 2006.   Those with more than US$30 million grew even faster, achieving an impressive 8.8% growth rate.

 

The biggest regional increase in high net worth population gains occurred in emerging market, especially those in the Middle East and Latin America.  However, North America continues to be the region with the largest number of millionaires in the world, accounting for a total of 3.3 million people.  At the country level, India, China and Brazil achieved the highest population growth of High Net Worth Individuals, or HNWIs for short.

 

Here is the most recent break-down of the number of millionaires in different regions of the world:

 

  • North America – 3.3 million
  • Europe – 3.1 million
  • Asia-Pacific – 2.8 million
  • Latin America – 0.4 million
  • Middle East – 0.4 million
  • Africa – 0.1 million

 

It is forecasted that the total wealth of millionaires will grow at an annual rate of 7.7% per year, reaching a total of US$59.1 trillion by 2012.  It is estimated that the Middle East and Latin America will continue to lead the world in terms or millionaire wealth growth, achieving double digit growth rates in average.

 

Given the recent downward trend in economic conditions across the globe, HNWIs have decided to revise their portfolios to more conservative asset allocations, with fixed-income securities and cash /deposits making up 44% of the assets of the richest people in the world.  They have also decreased their holdings in North America and reduced their investments in Real Estate significantly.

 

Despite the recent economic struggles, the demand for luxury items continues to be high.  The rich are still spending a significant portion of their wealth on what is called “investments of passion”, which includes things such as art collections, luxury autos, yachts, sport teams and memorabilia for example. 

 

The rich keep getting richer, but they also keep on having a good time spending on items that most people can only dream of.  If you are not already one of the 10 million lucky people to have amassed more than US$1 million in financial assets, keep coming back to this site for ongoing quality information that will help you achieve financial success.

 







There Are 11 Responses So Far. »

  1. Comment by Brad Law on 2009-03-04:

    My Article:

    World’s High Net Worth Individuals Investments and Passions

    The passion that we are talking about here is a passion for arts and entertainment and namely a passion and love for films and movies while being a part of it all!

    Despite rising costs and financial market turmoil, high net worth individuals (HNWIs) and ultra-high net worth individuals (Ultra-HNWIs) last year spent considerable amounts of their wealth on investments of passion – tangible luxury items, such as fine art, luxury automobiles, private yachts, sports teams, jewelry, and intangible passion investments, such as ‘live the dream’ vacations, according to the 12th annual World Wealth Report, issued Tuesday, June 24 by Merrill Lynch and Capgemini.

    From private Gulfstream jets in the air to Ferraris on the ground to fine art in their homes, high net worth individuals (HNWI) and ultra-high net worth individuals (Ultra-HNWIs) are shining and living the dream.

    What goes better with fine art than fine entertainment. That’s right we are talking about arts and entertainment; specifically we are talking about movies and films and being a part of the Hollywood dream and living the fantasy of being directly involved with Hollywood glamour; From lights, camera, action to take, cut, print… The new craze for 2009 for high net worth individuals (HNWIs) and ultra-high net worth individuals (Ultra-HNWIs) is to buy a piece of Hollywood. With the stock market gone haywire we are seeing the smart and savvy (HNWIs) and (Ultra-HNWIs) investing in the film and movie business. There never is a financial crisis in the movie and film business. Hollywood ticket sales are at $26.7 billion globally… HNWIs) and (Ultra-HNWIs) have everything and in every HNWIs) and (Ultra-HNWIs) family there is at least one person who wants to be a part of the Hollywood glamour and lifestyle; The Hollywood Connections needed to be a part of it all are provided by Richard William Wallace of Megahit Films Inc. http://www.megahitfilms.com. Megahit Films Inc. arranges financing for movies slated to be blockbuster successes while a movie part and or (for the right investment) even a leading role may be obtained in many of these movies.

    Richard Wallace has producers, directors and script writers ready to produce your own movie, a movie about the life of a special (HNWI) or (Ultra-HNWI). Mr. Wallace believes that many (HNWIs) and (Ultra-HNWIs) have stories that the world wants to see and Mr. Wallace has a passion for arranging the financing and production of these movies. Yes we have mega-stars available to play your part, bankable stars confirmed in the Forbes Star Currency List, people like Will Smith, Johnny Depp, Leonardo DiCaprio, Angelina Jolie, Brad Pitt, Tom Hanks, George Clooney, Denzel Washington, Matt Damon, Jack Nicholson, Julia Roberts, Adam Sandler, Tom Cruise, Russell Crowe, Will Ferrell, Meryl Streep, Robert De Niro, Ben Stiller, Jim Carrey, and Clint Eastwood. Or do it like Donald Trump does it, play your own part! Look what he has achieved as a ultra-high net worth individual. Pay attention here the man has been rewarded with a star on the Hollywood Walk of Fame. Trump’s star was the 2,327th to be granted! Mr. Wallace and Mr. Trump are often confused for each other. Donald Trump is of Scottish and English descent as is Richard William Wallace and Robert Redford I might add! Check out the pictures of the CEO on the Megahit Films website if you want to see for yourself!

    Hedge funds and banks have backed away from the table of financing for films and movies while Megahit Films and their (HNWIs) and (Ultra-HNWIs) are filling the gap!

    This year there may be a few less sports teams purchased with the new trend by HNWIs) and (Ultra-HNWIs) leaning towards owning their own megahit and blockbuster movie or films.

    The director talent available to pull the star characteristics out of these newly found actors and actresses reads like a Who’s Who guide to the “Directors of the World”. The details are all taken care of by Mr. Richard Wallace. Now is the perfect time to have your Hollywood dreams come true, provided you are family member of a (HNWI) or a (Ultra-HNWI).

    Don’t think for a minute that our (HNWI) and (Ultra-HNWIs) are only from North America. (HNWI) and (Ultra-HNWI) are from all over the world, China, India, Russia and the Middle East, Asia, Eastern Europe; from Moscow to Mumbai these folks are living the dream. High net worth individuals (HNWIs) and ultra-high net worth individuals (Ultra-HNWIs) do their shopping in the Rob Report, a luxury lifestyle magazine, featuring products for affluent connoisseurs, such as cars, watches, and real estate. Watch for a story in the Robb Report featuring Megahit Films! The HNW population spent a considerable amount on indulgences, including impromptu trips to Italy to race a Ferrari, trips around the world, philanthropic travel and now movie fun and games.

    Megahit Films is diligently working at translating their website into all of the languages of the world to give every (HNWI) and (Ultra-HNWI) a chance at their Hollywood dreams.

    Foot note: If you or your family is not a (HNWI) or a Ultra-HNWI), but you want to be a part of the Hollywood Dream too, please read my article titled: “Making it in Hollywood Any Which Way You Can” last posted at GoArticles.com. But forget the casting couch; will you be able to live with yourself after you achieve success?

  2. Comment by Brad Law on 2009-04-05:

    Megahit Films Inc. does not accept investors who are only high net worth individuals. To be an investor in a Megahit Film an investor has to be a UHNWI which refers to Ultra-High-Net-Worth Individuals, individuals or families who have at least US $30 million. Megahit Films investors usually have an average of 8 cars and three or four homes. Their garage usually stores one or more Bentley, Maybach or Rolls-Royce. (Be sure and check out Her Majesty the Queen’s New Bentley State Limousine at http://www.darkforce.com/royce/ and take a look at the Bentley EXP Speed 8 Le Mans Racing Car. Three-quarters of the Megahit Films Investors own a jet aircraft usually one of the big 4 aviation companies: eithera Boeing, Bombardier, Cessna or a Raytheon and most have a yacht. Most love art, philanthropy and have an art collection. They all have a love of arts and entertainment. They love films and movies and have someone in the family who loves the Hollywood glitz and Glamour. After all there is more to life than money.

    That doesn’t mean to say that Megahit Films only finances tent pole studio movies that cost $100 million. The company has films and movies that a UHNWI can stick his toe in the water for as little as a measly $500,000 and the director and producer have at least some name recognition. Of course, bigger budgets bring A-List stars and directors.

    There are estimated to be over 80,000 people in the UHNWI category around the world and Megahit Films is on a mission to reach each and every one of the UHNWI and introduce these film and movie lovers to their Hollywood Dreams. Stocks are no longer the investment of choice for the UHNWI, movie and film investments with Megahit Films has become the craze!

    After all Bentley, Maybach, Rolls-Royce and Ferrari doesn’t take much of a bite out of the budget, leaving plenty of cash left over for film and movie budgets and investments. Some of these UHNWI want to be in a movie or their wife, daughter, son or grandchildren wants to have some movie fun, others want to make their own movie or a have a movie made about their life, Some UHNWI have dreams of directing a film. Whatever their Hollywood Dreams are Megahit Films makes it happen.

    The movie business is good because when Sir Richard William Wallace (the CEO of Megahit Films) goes out with his UHNWI clients they go out in his personal Rolls Stretch! As soon as I get a promotion out of the mail room my boss says that Sir Richard William Wallace has plans to take me out on the town with him and with a surprise celebrity guest. I am not certain that the queen calls Mr. Wallace Sir Richard William Wallace but you can bet your last U.S. dollar or British pound that I do!

    We are both from the UK in and around Glasgow, the largest city in Scotland and third most populous in the United Kingdom. We both love Hollywood, New York and like working a lot in Vancouver, B.C. Canada! I don’t expect to work in the mail room much longer. London and Glasgow are not out of the question for shooting a great movie or film either!

    So if you are an Ultra-High-Net-Worth Individual (UHNWI) and you haven’t heard about the Megahit Film Inc. movie company that you can join up with, now you have!

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