. GPS News .




.
POLITICAL ECONOMY
Millionaires hold 39% of global wealth: study
by Staff Writers
Washington (AFP) May 31, 2011

Around one percent of households have 39 percent of the globe's wealth according to a study published Tuesday, pointing to increased inequalities in the wake of the global downturn.

The number of millionaire households across the globe increased 12 percent in 2010, according to The Boston Consulting Group report, increasing millionaires' share of wealth from 37 percent in 2009.

Despite being at the epicenter of the global financial meltdown, the United States had by far the most millionaires last year, with 5,220 millionaire households, and increase of 1.3 percent from the previous year.

Japan was second with 1,530 and China third with 1,110.

But it is emerging markets in Asia that can expect to see the biggest growth, increasing their share of wealth by 2.9 percentage points in 2010.

Tiny Asian economic powerhouse Singapore boosted the highest number of households with more than a million dollars under management.

Over 15 percent of households in the city state have over a million dollars in assets under management, well ahead of the Switzerland and the oil-rich Arabian Gulf states.




Related Links
The Economy

.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries






. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



POLITICAL ECONOMY
Signs of recovery in Japan, debt a worry
Tokyo (AFP) May 31, 2011
Japan's economy showed signs of recovery Tuesday from its quake-tsunami disaster, but a failure to contain the industrialised world's biggest debt raised the prospect of a credit rating cut. Factory output rose 1.0 percent in April, data showed, against a record drop of 15.5 percent a month earlier as the March 11 disaster shattered supply chains and crippled power stations, including the Fu ... read more


POLITICAL ECONOMY
Keeping Dairy Cows Outside is Good for the Outdoors

'Perfect storm' looms for world's food supplies: Oxfam

Modern EU agriculture jeopardizes biodiversity in new member states

Climate change to deal blow to fruits, nuts: study

POLITICAL ECONOMY
The quantum computer is growing up

Advance design-dependent process monitoring for semiconductor wafer manufacturing

New Bandwidth Management Techniques Boost Operating Efficiency In Multi-Core Chips

New electronics material closer to commercial reality

POLITICAL ECONOMY
China Southern Airlines to buy six Boeing B777Fs

Air traffic almost normal as Icelandic volcano settles

Volcano cloud briefly closes north German airspace

Singapore Airlines to set up new low-cost carrier

POLITICAL ECONOMY
Japan to finance quake-hit car parts makers

New fuel efficiency labels for cars coming

When fueling up means plugging in

Obama orders US agencies to buy green vehicles

POLITICAL ECONOMY
Hong Kong mulls ban on Taiwanese imports

EU probes US, Japan hard disk takeover plans

Australian miners concerned over cyber attacks

Nearly one in ten toys in China unsafe: watchdog

POLITICAL ECONOMY
Forest fragmentation threatens Europe, species: UN

Destruction of Brazil's Atlantic Forest falls 55%: study

Global Warming May Affect the Capacity of Trees to Store Carbon

Brazil farm interests score one against forest protection

POLITICAL ECONOMY
NASA sees a 14-mile-wide eye and powerful Super Typhoon Songda

Foreign NGO says satellite images indicate war crimes in Sudan's Abyei

Satellite observations show potential to improve ash cloud forecasts

For Aquarius, Sampling Seas No 'Grain of Salt' Task

POLITICAL ECONOMY
Iowa State physicists explain the long, useful lifetime of carbon-14

New form of girl's best friend is lighter than ever

2 graphene layers may be better than 1

Diamonds shine in quantum networks


Memory Foam Mattress Review
Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News
.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2011 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement