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Here are some highlights from the annual World Wealth Report by Merrill Lynch and Capgemini:
- 9.5 million people worldwide were millionaires in 2006 (an increase of 8.3% over 2005).
- The world’s millionaires are worth a combined $37.2 trillion (that’s almost $4 million per person).
- Their total charitable giving was $258 billion, which is a 0.69% “tithe”.
- Latin America and Africa have the largest percentage of the super-rich (those who are worth more than $30 million). In other words, the gap between the rich and the super-rich is the widest in those regions.
- But these folks also spent 1.8% of their net worth last year to “investments of passion” (i.e. material things that make them happy).
(HT: “Time Magazine”, July 16, 2007, page 14-15)
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