The world is becoming wealthier. According to a new report from The Boston Consulting Group, global wealth grew by about 8 percent in 2010 to $121.8 trillion. By the end of 2015 that amount is expected to increase to about $162 trillion. Despite this, most people will not see large increases in their personal fortunes anytime soon. This is because of the the gap between the rich and poor is increasing.
24/7 Wall St. looked at The Boston Consulting Group report “Shaping A New Tomorrow: How To Capitalize on the Momentum of Change” to identify the ten nations with the highest total number of millionaire households. These countries were then compared to countries with the highest numbers of households with more than $100 million in AuM, as well as each country’s GDP. The probable causes for individual financial success were also considered, including tax laws, industry and economic conditions.
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