New Stats, Same Story: Our Rich are Raking

The super rich are increasingly choosing luxury villas over five-star hotels for quick getaways, with Italy, France, Greece, and Portugal offering popular options, and high-end travel consultants charging substantial fees to find the perfect villa vacation; however, the distribution of global wealth remains highly unequal, with 1.1 percent of the adult population holding 45.8 percent of the world's wealth, and the US driving this top-heavy statistic, as 38 percent of the world's millionaires reside there.

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8/31/2023

Mapped: The Richest Billionaires in Every U.S. State

The number of millionaires worldwide has increased significantly over the last decade, with total millionaire wealth reaching $208.3 trillion in 2022, driven by factors such as tech revolutions and market booms; North America is home to the largest percentage of millionaires (42%), followed by Europe (27%); however, wealth inequality remains a significant issue, and the number of millionaires is projected to grow to 86 million by 2027.

9/5/2023

Calls to tax the superrich grow as economic inequality surges

Billionaires' wealth has grown by 109% in the past decade, raising concerns about escalating wealth inequality and leading economists and millionaires to call on governments to impose taxes on the superrich.

9/11/2023

Asia Overtakes Europe in Number of Ultra Wealthy, With Strong Growth Forecast Through 2027

Asia is expected to continue to have more ultra wealthy people than Europe, with analysts predicting that Asia's global share of ultra high net worth individuals could hit 29 percent by 2027.

9/14/2023

Americans Say $2.2 Million Needed to Be 'Wealthy,' But Nearly Half Feel Rich on Far Less

The average net worth needed to be considered "wealthy" in America is $2.2 million, but individual perceptions of wealth vary based on factors such as location and personal values.

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Posted 8/21/2023, 6:03:50 AM