A million more people have joined the ranks of high-net worth individuals (HNWIs) across the globe, as world wealth levels hit a new record in 2012.
According to the latest World Wealth Report 2013, released by Capgemini and RBC Wealth Management, the total global HNWI population in 2012 was 12 million, an increase of 9.2% on the previous year. In the study, a high net worth individual was defined as anyone with $1m (£641,000) or more in "investable assets", not including the value of a main home and of any "consumer durables" such as cars. Collectively these 12 million HNWIs owned assets worth $46.2trn, a 10% increase on 2011. This is three times the annual output from the US economy. The HNWI population country ranking saw th...
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