Tags: Millionaires | World | Wealth | Boston Consulting Group

CNBC: Millionaires Own Record 45 Percent of World's Wealth 

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By    |   Wednesday, 14 Jun 2017 08:29 PM

The world's millionaires reportedly now own a record 45 percent of the global wealth and their share is growing.

The U.S. has the most millionaires, with over 7 million millionaire households, CNBC reported, citing a research by Boston Consulting Group.

The world's millionaires own over $75 trillion in wealth, or 45 percent of the $167 trillion in total personal wealth in the world, according to the report. Their share is up from 44 percent in 2015.

By 2021, the world's millionaires will control $115 trillion in wealth, or 51 percent of the world total, according to the report.

"An increasing share of wealth is being held by millionaire households," CNBC cited the report as saying.

Meanwhile, Americans are making out well this year, as surging equity and house prices boost their finances, Bloomberg reported.

Net worth for U.S. households and non-profit groups rose to a record $94.84 trillion in the first quarter, a gain of $2.35 trillion or 2.5 percent, from the prior three months, Federal Reserve figures showed.

That’s left the pre-recession peak from 2007 far behind, by a whopping $27 trillion.

(Newsmax wires services contributed to this report).

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The world's millionaires reportedly now own a record 45 percent of the global wealth and their share is growing.
Millionaires, World, Wealth, Boston Consulting Group
190
2017-29-14
Wednesday, 14 Jun 2017 08:29 PM
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