- The world’s high net-worth individuals (those are people with investable assets of $1m or more) expanded in population and wealth in 2010, surpassing 2007 pre-crisis levels in nearly every region.
- The global population of millionaires increased by 8.3 per cent to 10.9 million between 2009 and 2010.
- Their financial wealth grew by 9.7 per cent to reach $42.7trn.
- The world’s richest people remain highly concentrated in the US, Japan and Germany.
- There are 3.1 million high net-worth individuals in the US alone.
- India has the twelfth largest population of rich people in the world.
- The population of British millionaires increased by 6,000 to 454,000 in 2010, amounting to growth of just 1.4 percent, one of the slowest rates among leading economies.
- By the end of 2010, high net-worth individuals held 33 per cent of all their investments in equities.
Others pointed to wealth taxes such as a 50 per cent top rate of income tax. “It’s little wonder when you are looking at some of the highest rates of tax in Europe. We are living in a heavily taxed country,” says Ronnie Ludwig, a partner in the private client team at accountants Saffery Champness.
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