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14 percent increase in Swedish people declared millionaires as the world added 1 million millionaires

Wednesday, 19 June 2013
The number of millionaires in Sweden grew by 14 percent to 69,000 individuals. These are people who have seen their wealth grow last year – both in Sweden and abroad.

In recent years the global wealth growth have stood quite still – but when the consulting firm Cap Gemini counted how many people in 2012 had the equivalent of a million dollars in investable assets, shares and money in the bank, it observed a very large change since 2009.

Global High net worth individuals (HNWI) saw their wealth increased by 10 percent in 2012 — led by the global recovery in the equity and real estate markets — to a record high of $46.2 trillion, after falling 1.7 percent in 2011.

“What surprises us is that both wealth and the number of millionaires in the world has increased by nearly ten percent,” says Krister Rydmark, director of financial services at Capgemini to Swedish television.

USA maintains its place as the home of the most millionaires, followed by Japan and Germany. Here in Sweden, there are many millionaires and the number has risen.

“Here they have increased by a whopping 14.3 percent to just over 69,000 people. It is primarily the Swedish stock market and stock trends as well as the real estate sector that has driven it up but to some extent also the strong Swedish Krona has helped.

According to Cap Germini’s World Wealth Report, which this year was published for the seventeenth consecutive year, the world’s millionaires last year were one million more. They now cover 12 million people with a combined wealth amounts to a staggering $ 46.2 trillion. Translated, this would mean approximately 80 Swedish gross domestic products, according to analysts who spoke to Swedish television.
by Scancomark.com Team