NEW YORK (Reuters) - The numbers of millionaire households globally grew by 14 percent in 2006 from 2005 and now control a third of the estimated $100 trillion in wealth, a new study by Boston Consulting Group released on Tuesday found.
These 9.6 million families, comprising 0.7 percent of world's households, now control some $33.2 trillion, the BCG study found. About half are located in the United States and Canada, a quarter in Europe and a fifth in the Asia-Pacific region, it said.
The study is the latest to quantify a continued widening of the global gap between rich and poor, with the rich getting richer by saving and investing more.
The study, seventh in a series, found that assets held by non-wealthy households - defined as those with less than $100,000 in financial assets - declined slightly from 2001 to 2006. But assets held by households with more than $100,000 climbed from $51.4 trillion to $84.5 trillion during the same period.
"Assets under management was further concentrated among the wealthiest households, with the richest 0.1 percent - those with more than $5 million in assets under management - owning 17.5 percent of global wealth," the survey said.
Story continues ...
http://www.abcnews.go.com/Business/wireStory?id=3680863
