2.6 Million New Millionaire Households Added in 2013

According to a new report from the Boston Consulting Group, the world's millionaire population grew dramatically last year.

As many lower and middle class families continue to struggle, the millionaire population continued to flourish thanks, in large part, to a surging stock market.

According to the report, the global millionaire population surged by 2.6 million to 16.3 million in 2013. This means that over 1% of all global households are millionaires.

The United States added 1.1 million millionaire households in 2013 as the NASDAQ, S+P 500 and DJIA all surged. In addition, the nation's real estate market continued to stabilize with many highly desirable areas showing strong interest from buyers. As of the end of 2013, 7.135 million households in the United States were worth at least a million dollars.

China, which has seen its fortunes explode to the upside over the past couple of decades, reportedly had 2.4 million millionaire households as of the end of 2013. This was up from 1.5 million the year before.

Japan, on the other hand, saw their millionaire population decline 300,000 to 1.2 million in 2013 thanks to a falling yen.

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Some other interesting pieces of information from the report:

-the United States has nearly 5,000 households that are worth at least $100 million

-Qatar has the highest density of millionaires (17.5% of households)

-1.68% of all Hong Kong households are worth $100,000,000

-global wealth was up 14.6% to $152 trillion in 2013

Source: CNBC.com - Millionaire Population Soars to 16 Million Households


Filed under: General Knowledge