The number of millionaires worldwide grew by nearly 2 million last year and the group grew nearly 14 per cent richer, boosted by rising stock markets and improving economies, according to a study released on Wednesday.
Despite rising costs and financial market turmoil, high net worth individuals (HNWIs) and ultra-high net worth individuals (Ultra-HNWIs) last year spent considerable amounts of their wealth on ‘investments of passion’.
According to the 12t
The wealth of the world’s high net worth individuals (HNWIs ) has increased 11.4 per cent to $37.2 trillion in 2006, says a report.
According to the 11th annual World Wealth Report, released by Merrill Lynch and Capgemini, the number of HN