And the rich get richer, once more

The ranks of the truly wealthy have swelled, with Asia-Pacific leading the recovery, according to the Merrill Lynch Global Wealth Management/Capgemini World Wealth Report.

If you, like many, are struggling to meet your mortgage payments, it may come as little joy to learn from Merrill Lynch Global Wealth Management and Capgemini that the world's high-net-worth individuals have managed to regain their riches despite weaknesses in the global economy.

Such is the conclusion of those firms' 14th annual world wealth report, a bible for journalists who need to trot out figures about how rich the rich are these days, and just plain good reading on how the other half lives.

Each year, the report also prompts journalists to come up with as many different ways as they can to avoid writing the phrase high-net-worth individuals -- or worse, the...

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