Posts filed under “Wealth Management”
Source: The Economist
There are 12 million people on the planet that had investible assets of more than $1 million dollars.
Collectively, this group controls $46.2 trillion dollars (2012).
A quarter of them live in America (3.4m); followed by almost a sixth in Japan (1.9m) and a twelfth in Germany (over 1m). China and Great Britain round out the top 5.
All data via The Economist.
Last week, Bloomberg caused a minor stir with their story on C/NET founder Halsey Minor (How Halsey Minor Blew Tech Fortune on Way to Bankruptcy): “How do you sell the technology company you founded for $1.8 billion and five years later file for personal bankruptcy? For Halsey Minor, it may have been a fascination with…Read More
click for bigger graphic Source: Census This map is rather intriguing, showing the concentration of high wealth households in the US. It comes from the recent Census report of the same name. Maybe its a bit misleading on a map, but that sure looks like a lot of high net worth households . ….Read More
“Taxes are the price we pay for a civilized society.” -Oliver Wendall Holmes, Jr. Associate Justice of US Supreme Court (1902-1932) Following last week’s Phil Mickelson discussion, I received lots of emails and comments from financial advisers, accountants and lawyers. A recurring theme was an ongoing, almost resigned surprise amongst the professional set…Read More