A study just realeased by Merrill Lynch Wealth Management (a Bank of America subsidiary) and the French economic consulting firm Capgemini will cheer the hearts of many.
The total number of millionaires worldwide last year climbed back above 10 million, after a bad year in 2008 which saw the ranks of the very rich decline by 1.5 million.
Last year the number of millionaires (including billionaires and mega-millionaires) increased by 17 percent.
But the average net worth of this elite group – the richest one-sixth of one percent of all people in the world – increased by more than 18 percent. read more »