Monday, March 16, 2015

Number of millionaires reaches record in 2013

high net worth, millionaires, wealth

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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