Millionaires Have 39% of the World’s Money

Less than 1% of the world's population controls almost half of the money
By Tim Karan,  Newser Staff
Posted Jun 1, 2011 4:40 PM CDT

(Newser) – If you're wondering where all your money has gone, odds are a millionaire added it to his or her pile. Although millionaires make up just 0.9% of the world's population, they control 39% of its wealth—up 2% since 2009—according to a report by Boston Consulting Group. Their collective wealth has risen from $41.8 trillion to $47.4 trillion, according to the Wall Street Journal.

story continues below

The number of millionaire households—those with $1 million or more in investable assets not including homes, company ownership and luxury goods—also swelled by 12.2% last year to 12.5 million. The US boasts far more millionaires than any other country with 5.2 million, followed by Japan with 1.5 million. The super-rich keep getting super-richer, too, as those with $5 million or more gained an additional 2% of the world's wealth last year, increasing their total to 22% of all the money in the world. (Read more millionaires stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.