World Wealth Dn 19.5% In ‘08,Wipes Out Two Yr Gains-Report
June 24th, 2009
| Tags: annual report, bank of america, business, world wealth report
NEW YORK (Dow Jones)-The economic crisis took a harsh toll on the world’s wealth, wiping out two years of growth and reducing both the number of high-net-worth individuals and their total wealth to below 2005 levels.
In 2008, the world’s population of high-net-worth individuals - those with at least $1 million in investable assets excluding primary residences - fell by 14.9% to 8.6 million and their wealth dropped 19.5% to $32.8 trillion, according to the 13th annual World Wealth Report, compiled by Bank of America Corp.’s (BAC) Merrill Lynch Global Wealth Management and Capgemini Group. In 2007, the same population …
More stories …
Related posts:
- Population of world’s millionaires shrinks The world's population of millionaires shrank dramatically last year as the global economic crisis took its toll on the...
- BROKER’S WORLD:Brokers Buzz Over Krawcheck’s Return To Wealth NEW YORK (Dow Jones)--The return of one of the most well-known women on Wall Street, Sallie Krawcheck, to a...
- US households see wealth grow for first time in nearly 2 years as stocks, homes gain ground WASHINGTON - For the first time in two years, Americans actually got a little wealthier. Household wealth grew by...
- Stock gains accelerate NEW YORKÂ (CNNMoney.com) -- Stocks rallied Thursday, with the Dow Jones industrial average moving into positive territory for 2009, after...
- Coke still has ‘it,’ remains world’s top brand IBM, the global IT behemoth with more than 10,000 employees in Research Triangle Park, remains the second most valuable...
Leave a comment
| Trackback