Where Do the World’s Wealthiest People Live?

Wall Street Journal ^ | 10/15/2014 | By NICK TIMIRAOS

[SeekAndFind]

When it comes to producing millionaires, the U.S. still leads the pack.

Between July 2013 and July 2014, the ranks of Americans with a net worth exceeding $1 million grew by 1.63 million, or more than one-third of the 3.84 million adults worldwide who saw their net worth exceed $1 million over that span, according to a new report on global wealth from Credit Suisse CSGN.VX -3.56%. Overall, the U.S. was home to around 14.2 million millionaires, or more than 40% of those in the world.

After the U.S., the United Kingdom, France and Germany added more millionaires than any other countries last year.

Of course, the U.S. has a lot of wealthy people because it’s a big country. But the analysis suggests that the U.S. is punching above its weight, even after accounting for population. Total wealth per adult increased by $340,340 in North America, or an increase of 10.2% from the prior year. Total wealth per adult grew by nearly $146,000 in Europe, an increase of 10.4%.

By contrast, wealth per adult grew just 2.3% in China and it fell 1.9% in Latin America and 3.1% in India.

[Don Corleone]

Notice how all the Communist countries made the list. Oh wait!

[blackdog]

The DC Metro area, and they obtained such wealth as a direct result of the growth of government. The fall from wealth and power will not be so pretty. It will be bloody and ugly.

It will happen, as it is not wealth but a transfer of wealth from the people, to those in power and who benefit from politics. They produce no real benefit to the economy.

[kidd]

Being a “millionaire” in America no longer equates with “wealthy”

If you have worked for 20 years and own a modest 2500-sq ft house, you probably have accumulated enough in your 401K, retirement funds, savings and home equity to put you over the $1M mark.

[Paladin2]

A Million ain’t nearly what it used to be when TV carried “The Millionaire” show.

[Paladin2]

Just like the Gov’t deals in Trillion$ these days, real personal wealth is counted in Billion$

[a fool in paradise]

For Wealthiest, you need to count billionaires, not millionaires.

[minnesota_bound]

20 years to make a million. Then the gov’t raises the property tax so high you got to move away.

Imagine the actors on a show like “The Big Bang Theory” who get $1,000,000 per episode. They work maybe 10 minutes out of the 20 minutes the show airs.

[woodbutcher1963]

Ryan Howard gets $25 million/year. Figure that out per at bat or pitch.

[Daffynition]

I'm disappointed.....I thought the article was going to list where the *wealthy* actually live......so we could go trick-or-treating to their house.

[JimRed]

Where Do the World’s Wealthiest People Live?

Anywhere they please.

[JimRed]

A Million ain’t nearly what it used to be when TV carried “The Millionaire” show.

That was a net million, too. Michael Anthony used to mention that the tax on it had been paid.

[OldNewYork]

Strange photo. Where’s that from? It vaguely reminds me of the Hallowe’en scenes in Meet Me in Saint Louis.

[minnesota_bound]

Maybe 2 or 3 times at bat per game x 162 games a year = time enough to count his money in the dug out.

[Daffynition]

Found it here:
http://long-may-she-rain.blogspot.com/2011/10/historical-halloween.html

It may be from the 1930s.

[OldNewYork]

Thanks for that - even more interesting pictures there.