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Millionaires' wealth reached record $63.5 trillion globally in 2016: study

Reuters  |  HONG KONG 

HONG KONG (Reuters) - The number of millionaires in the world rose by nearly 8 percent last year to an all-time high of around 16.5 million people, with record total wealth of $63.5 trillion, according to a report by global consultancy firm Capgemini.The wealth of high net worth individuals (HNWI) -- which Capgemini defines as those with investable assets of $1 million or more, excluding the primary residence, collectibles and consumables -- rose 8.2 percent on the year in 2016 and is on track to surpass $100 trillion by 2025.Some 1.15 million people became millionaires last year, the report ...

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First Published: Thu, September 28 2017. 12:05 IST
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