June 24, 2009, Bloomberg — The ranks of the world's millionaires shrank at the fastest rate in 2008, with North America suffering the biggest wealth loss worldwide, according to a survey by Capgemini and Merrill Lynch & Co.
High net worth individuals — those who own at least $1m in financial assets — are a major source of investment worldwide. This 10-million-strong global elite has combined assets of $40tn, according to the latest annual world wealth report published by Capgemini and Merrill Lynch.
