In 2005, the surge in global wealth wealthy

Latin America, the Middle East and Africa, the number of wealthy individuals appear most significant growth last year, due to commodity prices soared and local stock exchange trading prosperity, increased emerging market entrepreneurs and investors.

According to the Investment Bank Merrill Lynch and the advisory body of the report, the three kaijie to liquid assets at least $ 1 million increase in the number of 10% or more.

Report estimated that last year a total of 870 million millionaires in the world, more than in 2004, an increase of 6.5%. And these people are even more rich, their total assets increased last year, an estimated 8.5 33.3 trillion.

In the world a millionaire, North America, Europe and Asia are still the majority of the rich. The three locations of the rich in the global total of 800 million, the total wealth of 82%.

These figures reflect a year world-wide economic growth and the effect of rising stock market, in particular commodity demand rising consequences. Perhaps some increase in recent months the callback, because in some emerging markets, some investors back to risk a smaller asset classes, leading to a sharp sell-off.

Growing rich sectors have resulted in the largest bank in the fierce competition between the banks want to attract them to become their own clients. Wealth management complexity increases have led to the rich man in the Builing assets transferred to large financial institutions, but the reality is that even the largest players, only in the wealth management market has a very small piece of the share.

The world of the rich continue to get funds into alternative asset classes. Last year, the configuration in the private equity and hedge fund in proportion to the average wealth of up to 20%. Merrill Lynch has found that this reflects the strong inflow of private equity wealth. As a result of hedge fund returns in mentioning that investors do not like the previous years.

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