A MILLION dollars in investable assets might not buy the retinue of flashy flunkies that it did in 1956, but it is still a reasonable definition of wealth. Millionaires increased in number almost eveywhere between 2009 and 2010, according to a report by Capgemini and Merril Lynch released on June 22nd. Among the more interesting nuggets in [...]
Archive for the ‘Wealth’ Category
May 31, 2011 by Timothy Bosworth · Leave a Comment
Filed under: Money, Shares, Wealth, Wealth Cycles
Filed under: Money, Shares, Wealth, Wealth Cycles
London equities continued to make broad-based gains on Tuesday, with banks and miners driving the FTSE 100 back towards the top of its well-worn trading range. The benchmark index returned from its long weekend break up 0.9 per cent to 5,989.0, a gain of 50 points. The fresh advance came after a 1 per cent [...]
The number of millionaires is forecast to rise 72.5% to 65.5 million worldwide by 2020 from about 38 million this year. In the United States, home to nearly half the world’s millionaires, the increase is expected to be even sharper: a 96.2% jump to 20.6 million. The estimates of household wealth are based both on [...]
He is the richest man in Asia, chairman of India’s biggest listed company, and lives in one of the largest and most expensive homes in the world. On Monday, he struck a deal with BP that will see the British energy giant pump at least $7.2 billion into gas projects developed by his Reliance Industries [...]
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