RE: [Goanet]Merrier with more millionaires
Nasci, You are incorrect in stating that there are "differing ways" at getting at such statistics. The standard criterion to determine whether a person is a "millionaire" is as follows, and it was mentioned in the report: "When it talks of millionaires, the report means "high net worth individuals", those with a net worth of at least US $1 million, excluding their primary residence." The calculation is the person's Total Assets (less the value of the primary residence) minus Total Liabilities (less the mortgage on the primary residence). --- Nasci Caldeira <[EMAIL PROTECTED]> wrote: > Hi all, > > Some 12/ 15 years ago, there was a report published > in Australia, that there > were 17 million "Millionaires" in India, and in > Dollar terms! I could and > did believe that, since there are a lot of very > rich, and the country is so > big. That was then the total population of > Australia; it is now 20 million > people. Looks like there are differing ways of > getting to such statistics. > Can some knowledgeable person, explain and confirm > either way? I is > interesting to know. > > Nasci Caldeira > Melbourne > > >From: [EMAIL PROTECTED] > >Subject: [Goanet]Merrier with more millionaires > >Date: Sat, 11 Jun 2005 21:44:06 -0400 > > > >Washington, June 10, 2005 > > >India's teeming millions are rising to a rich > vortex. The number of > >millionaires in India has shot up to 70,000 during > 2004 ? a 14.6 per cent > >rise over the previous year, in tandem with the > country's overall growth > >trends. The past year saw a whopping addition of > 9,000 moneybags to India's > >millionaires club. > >The World Wealth Report 2005, released by Merrill > Lynch and Capgemini in > >New York on Thursday, points out that the Indian > growth in the number of > >millionaires is among the highest. > >In global terms, however, the figure may still be > at the low end. In > >contrast to India's 70,000, Brazil has 98,000 > millionaires, China 300,000, > >UK 418,000 and the US a whopping 2,498,000. > >When it talks of millionaires, the report means > "high net worth > >individuals" ? those with a net worth of at least > US $1 million, excluding > >their primary residence. > > > >Regards, > >Carlos > > > >
RE: [Goanet]Merrier with more millionaires
Hi all, Some 12/ 15 years ago, there was a report published in Australia, that there were 17 million "Millionaires" in India, and in Dollar terms! I could and did believe that, since there are a lot of very rich, and the country is so big. That was then the total population of Australia; it is now 20 million people. Looks like there are differing ways of getting to such statistics. Can some knowledgeable person, explain and confirm either way? I is interesting to know. Nasci Caldeira Melbourne From: [EMAIL PROTECTED] Subject: [Goanet]Merrier with more millionaires Date: Sat, 11 Jun 2005 21:44:06 -0400 Washington, June 10, 2005 India's teeming millions are rising to a rich vortex. The number of millionaires in India has shot up to 70,000 during 2004 ? a 14.6 per cent rise over the previous year, in tandem with the country's overall growth trends. The past year saw a whopping addition of 9,000 moneybags to India's millionaires club. The World Wealth Report 2005, released by Merrill Lynch and Capgemini in New York on Thursday, points out that the Indian growth in the number of millionaires is among the highest. In global terms, however, the figure may still be at the low end. In contrast to India's 70,000, Brazil has 98,000 millionaires, China 300,000, UK 418,000 and the US a whopping 2,498,000. When it talks of millionaires, the report means "high net worth individuals" ? those with a net worth of at least US $1 million, excluding their primary residence. Regards, Carlos
[Goanet]Merrier with more millionaires
Washington, June 10, 2005 http://www.hindustantimes.com/news/181_1395243,00050001.htm?headline=Merrier~with~more~Indian~millionaires India's teeming millions are rising to a rich vortex. The number of millionaires in India has shot up to 70,000 during 2004 ? a 14.6 per cent rise over the previous year, in tandem with the country's overall growth trends. The past year saw a whopping addition of 9,000 moneybags to India's millionaires club. The World Wealth Report 2005, released by Merrill Lynch and Capgemini in New York on Thursday, points out that the Indian growth in the number of millionaires is among the highest. In global terms, however, the figure may still be at the low end. In contrast to India's 70,000, Brazil has 98,000 millionaires, China 300,000, UK 418,000 and the US a whopping 2,498,000. When it talks of millionaires, the report means "high net worth individuals" ? those with a net worth of at least US $1 million, excluding their primary residence. Worldwide, there are 8.3 million such individuals, up by 600,000 over their number in 2003. This upswing has been led by Asia and North America. Overall, North America has 2.7 million of these millionaires, Europe 2.6 million and Asia-Pacific 2.3 million. The total worth of the world's wealthy elite is now estimated at 30.2 trillion dollars. India, along with Singapore, Hong Kong and Australia, saw the highest rates of growth of millionaires in the Asia-Pacific region Regards, Carlos
