The mind reels.
There were 8.7m people with liquid financial assets of more than $1m in 2005 and whose total wealth reached $33.3 trillion, according to a report by Merrill Lynch and Capgemini. Two-thirds of these “high net-worth individuals” are in North America (2.9m) and Europe (2.8m); most of the rest (2.4m) live in the Asia-Pacific region. But the report warned against breaking out the Clos du Mesnil just yet: it expects the growth in the number of super-rich to continue slowing over the next few years.
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