Time to network: UK has 600,000 'millionaire households'

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There are close to 600,000 'millionaire households' in the UK, according to the latest estimates, but, as a share of total households, Britain lags Ireland, Kuwait and Taiwan.

The UK has some 570,000 millionaire households, the fourth-highest number in Boston Consulting Group's (BCG) survey, after the US, Japan, and China. However, as a share of total households in the country, at 2.2% the UK ranks 15th. BCG assessed the 20 countries with the highest proportion of millionaires. It measured assets including cash deposits, money market funds, listed securities held directly or indirectly through managed investments, and onshore and offshore assets. The small island of Singapore, with only five million residents, came top of the list, with almost one in six...

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