Billionaire Boom

Billionaires dominate the world news, yet they’re outnumbered nearly 10-to-1 by a fast-growing global elite of highly influential movers and shakers, who boast US $100 million or more in investable assets.

The newly released Centi-Millionaire Report, by UK firm Henley & Partners, is about the ‘super-wealthy’. In the late 1990s, US $30 million was considered the fortune needed to meet this definition. Asset prices have risen significantly since then, making US $100 million the new benchmark.

The USA is home to 38 percent (9730) of global centi-millionaires, despite constituting only four percent of the world’s total human population. The big emerging markets of China and India follow in second and third place, with populations of 2021 and 1132 centi-millionaires, respectively.

They rank significantly higher than the main European markets, with the UK in fourth place (968) followed by Germany (966).

Switzerland ranks sixth on the list, followed by Japan, Canada, Australia and Russia, making up the top 10.

According to the report, there appears to be no set path to attaining centi-millionaire status. Some inherited their wealth, and others worked their way up. While a growing number of younger entrepreneurs are newcomers to the club, Baby Boomers still tend to dominate the centi-millionaire circle.

The fastest growing market for centi-millionaires over the next decade is forecast to be Vietnam, with other countries predicted to enjoy exceptional growth including New Zealand (72 percent) and Australia (60 percent).

To check out the report visit
www.henleyglobal.com