- Nun hoppeln auch noch die Millionäre weg - trän, heul, jaul... - Lullaby, 12.06.2003, 15:50
Nun hoppeln auch noch die Millionäre weg - trän, heul, jaul...
-->Stock losses cull millionaire ranks
Survey says U.S., Canada have 100,000 fewer millionaires
in 2002 despite increase in global wealth.
June 11, 2003: 5:09 PM EDT
NEW YORK (CNNfn) - Stock losses contributed heavily
to a decline in the number of North American
millionaires last year, even as the world's richest
people are getting richer, according to a new report.
The survey, by Cap Gemini
Ernst & Young and Merrill
Lynch, found that the United
States and Canada had
100,000 fewer millionaires in 2002 than 2001. The report
defines millionaires as people with financial assets worth at
least $1 million, excluding real estate.
There are still 2 million people in the category, but their worth
declined over the last year to $7.4 trillion -- a $200 billion
drop, or 2.1 percent. The report attributes the bulk of the
loss to stock market declines.
Overall, global wealth grew by 3.6 percent to $27.2 trillion,
the study found. Nearly 200,000 more people made the cut in
2002, bringing the total number of millionaires to 7.3 million
worldwide.
Asia had the most significant growth, with almost 5 percent
more individuals in that category.
Latin America was the only other region to see a decline in the
ranks of the rich. But Latin America's rich saw a slight growth
in the value of their assets; only in North America did total
wealth fall.
Zu"Asia" soll auch Down Under gehören - we never get drowned!
Hoppel...

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