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Monday, May 9, 2011

More and more millionaires

An evaluation of the financial and non-financial assets of the rich in Brazil, Russia, India and China (so called BRIC countries) shows a sharp increase of the number of millionaires, in spite of the economic crisis. Deloitte, the evaluating company, took into consideration stocks, bonds, and other investments including primary residence, durables, business equity and other assets to rank richest families in 25 countries. Estimates show that they are expected to more than double what they have up to $202 trillion by 2020, from a mere $92 trillion this year.

In the developing world, the families with more than a million dollars will more than double, to 10 million, while in the developed world the number will increase by more than 65%, to 55.5 million.

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