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September 17, 2013

Millionaires and Billionaires did great in 2012 while the 99% wait for trickle down improvement

Capgemini and RBC Wealth Management released the 2013 World Wealth Report (WWR), including new insight into the world’s high net worth individuals (HNWIs)—those with US$1 million or more in investable assets.

The world’s population and aggregate investable wealth of high net worth individuals (HNWIs) grew strongly in2012, reaching record levels. HNWI population increased by 9.2% to reach 12.0 million, after remaining flat in 2011. Meanwhile, aggregate investable wealth increased 10.0% to US$46.2 trillion, after declining slightly in 2011. HNWI wealth in 2012 represented a new level of strength,going well past the historical high of US$42.7 trillion set in 2010. Relatively stronger growth rates in higher wealth bands (US$5 million or more) led the growth of overall investable wealth globally.

North America and Asia-Pacific, the two largest HNWI regions, drove global growth, expanding 11.5% and 9.4% respectively in HNWI population, and 11.7% and 12.2% in wealth. North America reclaimed its position as the largest HNWI market as its market share of 3.73 million HNWIs overtook Asia-Pacific’s 3.68 million. However, Asia-Pacific is home to the majority of the fastest-growing HNWI country markets and is expected to surpass North America again in the near future.

HNWI wealth is forecasted to grow by 6.5% annually to US$55.8 trillion by 2015, driven mainly by growth in Asia-Pacific HNWI wealth.




Forbes top 400 US Billionaires

Forbes released their update of the top 400 US Billionaires.

Five years after the financial crisis sent the fortunes of many in the U.S. and around the world tumbling, the wealthiest as a group have finally gained back all that they lost. The 400 wealthiest Americans are worth just over $2 trillion, roughly equivalent to the GDP of Russia. That is a gain of $300 billion from a year ago, and more than double a decade ago. The average net worth of list members is a staggering $5 billion, $800 million more than a year ago and also a record. The minimum net worth needed to make the 400 list was $1.3 billion. The last time it was that high was in 2007 and 2008, before property and stock market values began sliding. Because the bar is so high, 61 American billionaires didn’t make the cut.

UBS also has a wealth survey and a census of multi-millionaires

The UBS wealth reports breaks down the groups between millionaire and billionaire in more detail


About 3600 need to double their wealth or less to join the ranks of billionaires. If they can earn returns of 15% per year then they would be able to double in 5 years. There would then be over 5000 billionaires in the world instead of a little over 2000.

What are the wealthy investing in ?


What they did to get rich



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