China, Brazil, India growin millionaires
Source: http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert/0/0/china-brazil-india-growin-millionairesPosted on Tuesday, June 24th, 2008 | In Brazil, China, Current Market News, India
Contributed by: Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert) -
According to a new study from Merrill Lynch, there are 6% more millionaires today than there were a year ago. And the China, India, and Brazil had the sharpest increase in new millionaires.
The number of millionaires increased by 22.7% in India last year, 20.3 % in China, and 19.1% in Brazil.
The study also found that 103,320 had a net worth of $30 million or more , an 8.8% increase.
“This year’s report found that the number of high net worth individuals and the amount of wealth they control, continued to increase
in 2007, with the greatest wealth being created in the emerging markets
of India, China and Brazil.”
Last 5 posts by Tony Sagami
- World Bank Calls China: A “Ray of Hope” - April 14th, 2009
- Even Walt Disney Couldn’t Have Imagined This … - April 9th, 2009
- Following the Warren Buffett of China - February 17th, 2009
- Gaming stocks down on their luck - January 20th, 2009
- Japan: worst stock market drop in history - December 31st, 2008
Tags for this Post:
30 Million, Brazil, Brazil, China, Current Market News, Emerging Markets, Growin, High Net Worth Individuals, India, India China, Merrill Lynch, Net Worth, New Millionaires, Number Of Millionaires, Study Also Found That
30 Million, Brazil, Brazil, China, Current Market News, Emerging Markets, Growin, High Net Worth Individuals, India, India China, Merrill Lynch, Net Worth, New Millionaires, Number Of Millionaires, Study Also Found That
 About Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert)
Tony Sagami, a veteran investment advisor and a leading expert on Asian markets, is the owner and founder of Harvest Advisors, an investment research and money management company. Mr. Sagami has been managing money for more than 20 years and is one of the early pioneers in the application of technical and quantitative analysis to mutual funds and stocks. He is a featured contributor to Weiss Research’s daily e-letter, Money and Markets and monthly Safe Money Report as well as the editor of Asia Stock Alert. Prior to establishing his own firm, Mr. Sagami was managing director at W.E. Donoghue & Co, serving additionally as the director of investment. During his successful career, he also held the position of account executive at Merrill Lynch. Mr. Sagami’s views on Asian markets, specifically Chinese investments, have been featured in publications such as The Wall Street Journal, Barron’s, Kiplinger’s, Smart Money, Business Week, New York Times, Washington Post, Investors Business Daily, Bloomberg, Financial Planning Times, Mutual FundsMagazine, Chicago Tribune, and the LA Times, as well as on CNBC and CNBC Asia. Mr. Sagami holds a degree in economics from the University of Washington. |
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