The number of people around the world with at least $1 million in assets passed 10 million for the first time last year, according to a report. And their bank accounts are growing even faster.
Submitted: Jun 24, 2008
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Emerging markets are boom and bust. Wealthy Russians, Brazilians and Mexicans will lose everything when their economies go back into the shitter and they will.
Posted: Jun 25, 2008
I wonder how they make their estimates of this number. It said home values were not included. I can understand how they can approximate the wealth of executives with publicly disclosured number of shares in their companies. But there are probably a lot of millionaires who have their millions in several banks and brokerages so no one can really know their total assets.
Posted: Jun 25, 2008