Real Estate Views from St Pete

head_left_image

The Rich are Getting Richer

The annual Capgemini - Merrill Lynch World Wealth Report is just out.

  • 9.5 million people held at least $1,000,000 in financial assets, exclusing their homes.
  • These people control about 25% of the world's wealth.
  • The combined wealth of the world's richest people rose more than 11% last year.
  • The "super-rich" who have over $30 million in assets also rose 11% last year
  • The largest expansion of the richest, over 20% increases, was in India and Singapore.
Sharon Simms, Real Estate Agent selling homes in St. Petersburg, Florida, the Gulf Beaches and the Tampa Bay area. 

 

7 comments • Sharon Simms St Pete FL - CRS CIPS CLHMS RSPS • June 28 2007 08:50AM

Comments

I'm about to post something on this too!

Great Minds think alike!

Posted by David A. Podgursky, PA (Boynton Beach & Lake Worth Florida Real Estate Broker Associ) over 4 years ago

Sharon,

Great post... however, I think more than 9.5 million people hold more than ONE DOLLARin assets. LOL

Is that a typo?

Brad - www.45DayListings.com

 

 

Posted by Brad Snyder (Sierra Vista Realty) over 4 years ago
...and the poor get poorer...
Posted by Orlando Homes 4 Sale Armando Rodriguez Real Estate Broker-GRI (QUEST REALTY SERVICES) over 4 years ago
the rich has the knowledge,tools and access to the richer path.. while the poor... is only focusing on staying above the water...
Posted by Christine Zheng (Keller Williams Downtown) over 4 years ago
Amazing statistics, Sharon....I would not have guessed India or Singapore.  Didn't the US used to be up there once?  Thanks for the enlightening post.
Posted by Laura Cerrano and Carole Provenzale Owner, Feng Shui Long Island & New York (Feng Shui Long Island & New York City/Feng Shui Manhattan ) over 4 years ago
Thanks for sharing.  Just goes to show that when you invest your money in appreciable assets, you'll increase your wealth.  Society can learn a lot from the wealthy.
Posted by Christina Ethridge (The North Idaho Dream Team powered by SKE Realty Group) over 4 years ago

David - I'm looking forward to reading yours as well.

Brad - thanks for pointing out the typo. I've corrected it.

Armando - absolutely correct.

Christine - that's true, but some of the wealthy started from poverty, too.

Carole - yes. Through history the top dog country has always given way to a new #1 power.

Cheryl - some save a lot, some spend a lot.

Christina - we'd all be further ahead if we'd had the knowledge and discipline to invest 10-15% of our income from the time we started working. 

Posted by Sharon Simms St Pete FL - CRS CIPS CLHMS RSPS (ALVA International, Inc.) over 4 years ago

Participate

(optional)
What does the graphic say?