assets-of-worlds-richest-up-94-to-407-trillion

Assets of worldÆs richest up 9.4% to $40.7 trillion

Merrill Lynch expects the combined assets of the worldÆs high-net-worth individuals to reach $59.1 trillion by 2012, led by those in the Middle East, Latin America, and Africa.
The combined wealth of the worldÆs high-net-worth individuals HNWIs grew 9.4% to $40.7 trillion in 2007, according to the 12th annual World Wealth Report released by Merrill Lynch and consulting firm Capgemini.

Given that 2007 was a volatile year for financial markets worldwide, Victor Tan, Hong Kong market director at Merrill Lynch Global Wealth Management, considers the growth impressive. ThatÆs still lower than the 11.4% growth in HNWI assets to $37.2 trillion last year, however.

Last yearÆs increase in HNWI assets reflects the impact on individual wealth of global economic growth and higher financial market capitalisation, especially in emerging markets. Merrill Lynch considers as HNWIs those with net assets of at least $1...
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