As the economy continues to climb, so does the number of millionaire investors in the world.
Individuals with investible assets of more than $1 million grew by 15% in 2013, while combined wealth grew by almost 14% to reach a record high of $56.6 trillion, according to the World Wealth Report 2014 released by Capgemini and RBC Wealth Management.
North America’s high-net-worth population expanded by 16% to 4.33 million in 2013, while Asia’s grew by 17% to reach 4.32 million — with growth in the Asia-Pacific region narrowing North America’s lead to less than 10,000 individuals. In Asia, people in the high-net-worth category saw their wealth increase by 18% to $14.2 trillion last year, while the same category in North America saw an increase in wealth of 17% to $14.9 trillion.
“Overall, 2013 was another strong year for the high-net-worth market, with surging equity markets and improving economies contri
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