The Rich are Getting Richer

By
Real Estate Agent with Coastal Properties Group International

The annual Capgemini - Merrill Lynch World Wealth Report is just out.

  • 9.5 million people held at least $1,000,000 in financial assets, exclusing their homes.
  • These people control about 25% of the world's wealth.
  • The combined wealth of the world's richest people rose more than 11% last year.
  • The "super-rich" who have over $30 million in assets also rose 11% last year
  • The largest expansion of the richest, over 20% increases, was in India and Singapore.
Sharon Simms, Real Estate Agent selling homes in St. Petersburg, Florida, the Gulf Beaches and the Tampa Bay area. 

 

Posted by

Sharon Simms
CIPS CRS CLHMS CRB RSPS
Coastal Properties Group
CHRISTIE'S International Real Estate
238 Beach Drive NE
St Petersburg, FL 33701
www.ssimms.com    www.coastalpgi.com   www.christiesrealestate.com
(727) 898-2582    Sharon@SimmsTeam.com

 

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Rainer
128,954
David A. Podgursky
PA
Boynton Beach & Lake Worth Florida Real Estate Broker Associ

I'm about to post something on this too!

Great Minds think alike!

June 28, 2007 08:55 AM
Rainmaker
237,951
Brad Snyder
Sierra Vista Realty

Sharon,

Great post... however, I think more than 9.5 million people hold more than ONE DOLLARin assets. LOL

Is that a typo?

Brad - www.45DayListings.com

 

 

June 28, 2007 09:04 AM
Rainer
103,109
Armando Rodriguez
Orlando Homes 4 Sale, Real Estate Broker-GRI
QUEST REALTY SERVICES
...and the poor get poorer...
June 28, 2007 09:07 AM
Rainer
10,122
Christine Zheng
Keller Williams Downtown
the rich has the knowledge,tools and access to the richer path.. while the poor... is only focusing on staying above the water...
June 28, 2007 09:12 AM
Rainmaker
1,443,686
Laura Cerrano
Authentic Feng Shui Expert
Feng Shui Manhattan Long Island
Amazing statistics, Sharon....I would not have guessed India or Singapore.  Didn't the US used to be up there once?  Thanks for the enlightening post.
June 28, 2007 09:21 AM
Anonymous #6
Anonymous
Anonymous
Thanks for sharing.  Just goes to show that when you invest your money in appreciable assets, you'll increase your wealth.  Society can learn a lot from the wealthy.
June 28, 2007 09:39 AM
Rainmaker
605,639
Sharon Simms
St. Pete FL - CRS CIPS CLHMS RSPS
Coastal Properties Group International

David - I'm looking forward to reading yours as well.

Brad - thanks for pointing out the typo. I've corrected it.

Armando - absolutely correct.

Christine - that's true, but some of the wealthy started from poverty, too.

Carole - yes. Through history the top dog country has always given way to a new #1 power.

Cheryl - some save a lot, some spend a lot.

Christina - we'd all be further ahead if we'd had the knowledge and discipline to invest 10-15% of our income from the time we started working. 

June 29, 2007 11:43 AM
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Rainmaker
605,639

Sharon Simms

St. Pete FL - CRS CIPS CLHMS RSPS
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