Global HNWI Grows

Earlier this week, I referenced the increasing concentration of wealth in the U.S., on both the individual and corporate level.

It turns out this phenomena is global in nature. From Metrics 2.0:

"The wealth of high-net-worth individuals (HNWIs), people with net financial assets of at least U.S. $1 million, excluding their primary residence and consumables, climbed to $33.3 trillion in 2005, an 8.5% increase over 2004, according to the 10th Anniversary Edition of the World Wealth Report, released by Merrill Lynch and Capgemini.

The Report found that the number of HNWIs grew by 6.5%  over 2004, to 8.7 million, and that the number of Ultra-HNWIs — those who have financial assets of more than $30 million — grew by 10.2 percent, to 85,400 in 2005."

>
Sources of HNWI Wealth, 2005
click for larger chart
Wealthreport_hnwi_sources_jun06_1


Interesting stuff . . .

>

Source:
Global High-Net-Worth Population Grows to 8.7 Million, Worth $33.3 Trillion
Metrics 2.0,
http://www.metrics2.com/blog/2006/06/20/global_highnetworth
_population_grows_to_87_million.html

Category: Economy, Finance

Technical Analysis of STOCKS & COMMODITIES on The Big Picture

Category: Financial Press, Weblogs

Bloomberg Goes Black

Category: Financial Press

Hedge Fund De-Regulation

Category: Financial Press

When Will the Rally Fail? (Managing the Trade, Part III)

Category: RR&A

eBay revisited

Category: Corporate Management, Investing, Technical Analysis

4 Year Presidential Cycle

Category: Data Analysis, Politics, Psychology, Technical Analysis

The Increasing Pressure on the Middle Class

Category: Data Analysis, Economy, Employment

Media Appearance: Kudlow & Company (6/26/06)

Category: Media

New Real Money Column: Ignore Statistical Oddities at Your Peril

Category: Data Analysis, Economy