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Getbig Main Boards => Gossip & Opinions => Topic started by: Nails on June 21, 2010, 02:19:04 PM
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http://finance.yahoo.com/family-home/article/109838/countries-with-the-most-millionaires?mod=career-work (http://finance.yahoo.com/family-home/article/109838/countries-with-the-most-millionaires?mod=career-work)
1. United States
Biz1.jpg
Bloomberg News
2009 Population: 306.8 million*
2009 number of millionaire households: 4,715,000**
Percentage increase: 15.1 percent YOY**
Share of country's wealth held by millionaire households: 56 percent**
Even though the U.S. real estate market remained weak, the stock market rebound helped boost the number of millionaire households 15.1 percent in 2009. The U.S. had the most millionaires by far, leading second-in-line Japan by 3,485,000 households.
Millionaires represented a fraction of the U.S. population last year but held 56 percent of its wealth, according to Boston Consulting Group.
* Source on all slides: Population Reference Bureau
** Source on all slides: Boston Consulting Group. The year on year change in number of millionaire households was calculated using a constant exchange rate; BCG used yearend 2009 exchange rates to calculate the number of millionaire households in both 2008 and 2009.
2. Japan
Population: 127.6 million
2009 number of millionaire households: 1,230,000
Percentage increase: 5.9 percent YOY
Share of country's wealth held by millionaire households: 21 percent
The number of millionaire households in Japan grew by a 5.9 percent in 2009. Although No. 3 on the list China tightened the gap with a 30.7 percent increase, Japan still outpaced its developing neighbor by 560,000 households.
3. China
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Bloomberg News
Population: 1,331.4 million
2009 number of millionaire households: 670,000
Percentage increase: 30.7 percent YOY
Share of country's wealth held by millionaire households: 50 percent
While developed countries struggled through the recession, China's economy continued to boom, with gross domestic product growing 8.7 percent last year. The surge of commercial activity has created a growing nouveau riche population in China that includes entrepreneurs and investors, although they still represent a tiny fraction of the total population.
Seeing opportunities in the growing wealthy demographic, luxury retailers have set up operations in major cities, and high-end real estate is drawing interest -- for example, a $30 million house reportedly sold in Shanghai.
4. United Kingdom
Population: 61.8 million
2009 number of millionaire households: 485,000
Percentage increase: 11.5 percent YOY
Share of country's wealth held by millionaire households: 23 percent
As the financial markets improved, the millionaire population is rebounding in the U.K. Their numbers fell by more than half in the recession, according to a 2009 BBC report. The British Chambers of Commerce said the economy was showing signs of leaving recession in 2009, and gross domestic product ticked up 0.3 percent in this year's first quarter over the previous quarter.
5. Germany
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Bloomberg News
Population: 82 million
2009 number of millionaire households: 430,000
Percentage increase: 23.1 percent YOY
Share of country's wealth held by millionaire households: 22 percent
Not only have Germany's rich increased in numbers, apparently some have also heightened their sense of public duty.
According to a report by CNBC, a group of German millionaires and billionaires founded a Club of the Wealthy and proposed to Chancellor Angela Merkel that they give 10 percent of their income as a "rich tax" for 10 years to address budget problems.
6. Italy
Population: 60.3 million
2009 number of millionaire households: 300,000
Percentage increase: 7.6 percent YOY
Share of country's wealth held by millionaire households: 27 percent
Italy's economy contracted by 5 percent in 2009, but the number of millionaire households grew, and the rich increased their wealth, according to a PricewaterhouseCoopers study. The report shows that the increase in wealth was mostly a result of €85 billion that flowed into the country under an Italian tax amnesty on assets held in offshore accounts.
7. Switzerland
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Bloomberg News
Population: 7.8 million
2009 number of millionaire households: 283,000
Percentage increase: 8.4 percent YOY
Share of country's wealth held by millionaire households: 44 percent
Switzerland, one of the wealthiest nations by personal income, also has the third-highest concentration of millionaire households -- 8.4 percent of total households, according to the Boston Consulting Group.
In a sign of further strengthening, the Swiss State Secretariat for Economics recently raised its growth forecast for the economy in 2010 to 1.8 percent from 1.4 percent.
8. France
Population: 62.6 million
2009 number of millionaire households: 280,000
Percentage increase: 11.2 percent YOY
Share of country's wealth held by millionaire households: 19 percent
The French may enjoy high quality of life, but France did not make it into the top five for its number of millionaire households. Its gross domestic product last year dropped 2.2 percent, but the government expects GDP to pick up by 1.4 percent in 2010.
9. Taiwan
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Bloomberg News
Population: 23.1 million
2009 number of millionaire households: 230,000
Percentage increase: 21.1 percent YOY
Share of country's wealth held by millionaire households: 37 percent
Home to manufacturers and such technology companies as Acer and Asus, Taiwan has a large number of millionaires, who represent 3 percent of total households, according to BCG. The wealthy in Taiwan enjoy a favorable tax regime. According to an article in Commonwealth Magazine on Chinapost.com, eight of Taiwan's 40 wealthiest people paid no taxes in 2005 and 17 paid just 1 percent of their income. The article adds that nearly 30 percent of households in Taiwan do not pay taxes, and many of them earn high incomes.
10. Hong Kong
Population: 7 million
2009 number of millionaire households: 205,000
Percentage increase: 16.2 percent YOY
Share of country's wealth held by millionaire households: 73 percent
In Hong Kong, 8.8 percent of households are millionaire households -- the second-highest concentration in the world after Singapore, according to data from the Boston Consulting Group. Media reports say the stock market recovery and rising property prices in Hong Kong and China helped the richest add billions to their wealth in 2009.
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hong kong- millionaires hold 73% of the countries wealth.
wtf.
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I love Amerika!
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why is china considered a communist country if they have all these millionaries?
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why is china considered a communist country if they have all these millionaries?
Anybody check the misprint on the Chinese population, Its 1.3 billion...
It's cowboy capitalism, they don't have all that many out of 1.3 billion, but it's the government that is getting paid.
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Anybody check the misprint on the Chinese population, Its 1.3 billion...
Someone's never done chemistry or any sort of science.
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Anybody check the misprint on the Chinese population, Its 1.3 billion...
it's right, it's expressed in terms of millions
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what are the stats for Canada?
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what are the stats for Canada?
you mean what are the stats for canada A?
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just another example of America kicking ass
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oh boy...i was hoping a Latin , central American or Caribbean country made the list, guess distribution of wealth is still a big problem. then again... does 5%< holding 95% of the wealth count? :-\
(http://standupforamerica.files.wordpress.com/2009/10/lift-cuba-embargo.jpg)
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I love Amerika!
Why? Are you one of the 4,715,000 millionaires?
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you mean what are the stats for canada A?
I think they spell it 'eh'
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Someone's never done chemistry or any sort of science.
Im a History, philosophy and spirituality are my forte, not math.
Yet, you pick up on that, but don't chide someone on questioning why there are millionaires in a Commie country...
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I bet the majority of the millionairs in America are rich young black men that play basketball and wisely put their saving in trust funds,bonds, Stocks, and local business in their community
(http://www.reclinergm.com/wp-content/uploads/2008/08/andre-iguodala-gets-paid.jpg)
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It's cowboy capitalism, they don't have all that many out of 1.3 billion, but it's the government that is getting paid.
They are number 3 on the list. I would of never have thought China.
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you mean what are the stats for canada A?
Canada - C eh N eh D eh
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They are number 3 on the list. I would of never have thought China.
With their sheer numbers, the cheap labor and the economic explosion, yep there are a ton of them. In fact Lamborghini has a Chinese edition Lambo, and BMW and Audi make Long Wheel base versions of their midsize cars because people like to be driven. Also, the Chinese Autoshow is used to debut high end models, typically sedans like Rolls, the BMW Gran Coupe, Ferrari 599 GTO.
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United Arab Emirates, nuff said
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It all depends what currency you are talking about? In my home country of Zimbabwe I have dozens ....actually hundreds of these pretty bank notes? So where do I rank.....?
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And if America doesn't make a stand and change things in THIS country then you will suffer the same fate as Zimbabwe did.... and as Germany in the 1930's.... HINT.... printing more money does NOT fix things!!!! It just makes the economic situation WORSE in the long run!!!!
What's the honor in being a millionaire in the USA when Obama and his administration has us all in a record breaking $13 TRILLION dollar debt??
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Que jtsunami and Tbombz looking for their handout!
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bullshit
last i checked russia was second
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bullshit
last i checked russia was second
I saw a show about Millionaires and Billionaires in Russia. They've got a shit load of them!
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I saw a show about Millionaires and Billionaires in Russia. They've got a shit load of them!
yeah the last list i saw had usa first russia second and india third
this list has to be wrong
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yeah the last list i saw had usa first russia second and india third
this list has to be wrong
That would be the billionaire list. This list is millionaires.
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That would be the billionaire list. This list is millionaires.
my bad
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And if America doesn't make a stand and change things in THIS country then you will suffer the same fate as Zimbabwe did.... and as Germany in the 1930's.... HINT.... printing more money does NOT fix things!!!! It just makes the economic situation WORSE in the long run!!!!
What's the honor in being a millionaire in the USA when Obama and his administration has us all in a record breaking $13 TRILLION dollar debt??
yeah Grant, that's the first thing i thought when i saw your money posted. the US has to be headed for a hyper-inflation correction. that's just one of the reason i am putting all my money into silver bullion. watch it fly in the next 15 months. it will fly by the 100/oz. mark