The World Wealth Report, by Capgemni for Merrill Lynch, is about individuals with a net worth of at least $1 million in assets, not including a primary residence. Using information from this report, Wikipedia summarized the number of millionaires in the following table.
| Individuals with more than $1 million in 2006 | ||
|---|---|---|
| Region | Number | Percentage |
| Global | 9,500,000 | 0.15% |
| North America | 3,000,000 | 0.62% |
| Europe | 2,900,000 | 0.41% |
| Asia-Pacific | 2,600,000 | 0.06% |
| Latin America | 400,000 | 0.07% |
| Middle East | 300,000 | N/A |
| Africa | 100,000 | 0.01% |
Based on this table, North America has the highest ratio of millionaires with 1 out of 16o people being a one. Europe has the second highest ratio with 1 out of 240 being a millionaire. So if you live in one of these regions, you've probably met a millionaire.
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This is not financial advice. Please consult a professional advisor.
Copyright © 2008 Achievement Catalyst, LLC
Without the actual percentage for the Middle East, this table is useless -- specifically because we all would expect that all of our gas money should be enriching those folks and thus creating a number of millionares.
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