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The Rich are Getting Richer

By
Real Estate Agent with Coastal Properties Group International - Christie's 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

 

David A. Podgursky PA
THE PODGURSKY GROUP @ Re/Max Direct - Boynton Beach, FL
THE PODGURSKY GROUP - Make the Right Move!

I'm about to post something on this too!

Great Minds think alike!

Jun 28, 2007 01:55 AM
Brad Snyder
Sierra Vista Realty - Sierra Vista, AZ

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

 

 

Jun 28, 2007 02:04 AM
Armando Rodriguez
QUEST REALTY SERVICES - Orlando, FL
Orlando Homes 4 Sale, Real Estate Broker-GRI
...and the poor get poorer...
Jun 28, 2007 02:07 AM
Christine Zheng
Keller Williams Downtown - Denver, CO
the rich has the knowledge,tools and access to the richer path.. while the poor... is only focusing on staying above the water...
Jun 28, 2007 02:12 AM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher
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.
Jun 28, 2007 02:21 AM
Christina Ethridge
The North Idaho Dream Team powered by SKE Realty Group - Coeur d'Alene, ID
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.
Jun 28, 2007 02:39 AM
Sharon Simms
Coastal Properties Group International - Christie's International - Saint Petersburg, FL
St. Petersburg FL - CRS CIPS CLHMS RSPS

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. 

Jun 29, 2007 04:43 AM