Acts 5:4 Didn’t it belong to you before it was sold? And after it was sold, wasn’t the money at your disposal? The total net worth of the “centa-millionaires” was $39.9 trillion in 2011. A “centa-millionaire” is an individual with more than US$100 million in disposable assets. The report says there were 63,000 such individuals in 2011 and will grow to 86,000 by 2016. Most of the growth will come in HNWI individuals in China, India, Hong Kong and Singapore. The number of centa-millionaires in South and Central Asia is expected to double from 3,000 to 6,000 and in Southeast Asia, it will rise from 18,000 to 26,000. Even Africa is expected to double the number of centa-millionaires from 1,000 to 2,000 in the same period, the Wealth Report says. He adds, “The central trend dominating prime property markets has been the relentless growth of “plutonomy” economics, a phenomenon that sees the wealth of the richest 1% growing far quicker than that of the general population – a trend we initially examined in our first Wealth Report in 2007. A year later, in the eye of the global economic storm, plutonomy seemed under threat as asset values plummeted. Ironically the response to the financial crisis did more to revive the value of investments held by the wealthy than improve the position of the wider population.” travel-impact-newswire/2012/03/led-by-asians-global-rich-get-richer-but-fear-income-inequality-backlash-wealth-report/#axzz2v3HVJrho
Posted on: Wed, 05 Mar 2014 02:39:48 +0000
Trending Topics
Recently Viewed Topics
© 2015