The new global economy created more millionaires around the globe, according to the "10th annual World Wealth Report" released by Merrill Lynch.12,000 Australians enjoyed the taste of becoming new millionaires in 2005, joining their 146,000 co-nationals, and representing a total wealth of $463 billion. That's more than the national GNPs of a lot of countries and represents almost a 50% increase in the number of millionaire Australians within the last 5 years. Good going, mates!.South Korea topped the list with 21.
3% increase in the number of millionaires. The increase in Russia and South Africa was not too shabby either ? 17.4% and 15.9%, respectively.In India, the picture was similar.
The number of Indian millionaires grew by 19.3% over the last year. India is expected to become the third largest economy of the world in year 2050, following the US and China.And China, generally known as a poor country, produced 6.8% more millionaires in 2005.
The United States was not among the top fat-cat-generators, registering "only" 6.8% more millionaires compared to 9.9% in 2004.Canada now officially has 230,000 millionaires, shooting up by 7.
3% in 2005.There are a total of 8.7 million millionaires around the world, representing a total wealth of $33.3 trillion -- and I hope no one will ask me how many zeroes after "1" that corresponds to.-----------------------------------------------------------------------------------------.
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Ugur Akinci, Ph.D. is a Creative Copywriter, Editor, an experienced and award-winning Technical Communicator specializing in fundraising packages, direct sales copy, web content, press releases, movie reviews and hi-tech documentation.He has worked as a Technical Writer for Fortune 100 companies for the last 7 years.
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By: Ugur Akinci
