The increasing ease of becoming a millionaire beca-me clear yesterday, with the announcement that the ranks of world millionaires had swelled to 8.7 million last year \uff97 half a million more than the population of New York City.<\/p>\n
Millionaires also invested more aggressively, pouring cash into emerging markets and pulling it out of fixed income holdings, as their wealth reached $33.3 trillion, more than double US economic output, a study by Merrill Lynch and consultancy Capgemini found.<\/p>\n
The red-hot Middle East saw nearly 10 percent growth in millionaires \uff97 the world’s fastest rate \uff97 with record oil revenues and soaring stock markets pushing 300,000 people over the million-dollar mark.<\/p>\n
“This is becoming a very attractive place to invest,” said Mones R Bazzy, Merrill Lynch’s head of Middle East private banking, based in the Gulf boomtown of Dubai. Bazzy spoke in a hotel conference room overlooking the world’s newest international stock market, the futuristic arch-shaped Dubai International Financial Center.<\/p>\n
North America held a slight edge over Europe in the population of millionaires, with 2.9 million to Europe’s 2.8 million. Asia counted 2.4 million, Latin America 300,000 and Africa 100,000.<\/p>\n
Millionaires are increasingly branching out from their home countries, with 65 percent paying attention to foreign markets and 30 percent buying homes overseas. <\/p>\n
The Nassau Guardian<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"
The Middle East saw nearly 10 percent growth in millionaires \uff97 the world’s fastest rate \uff97 with record oil revenues and soaring stock markets pushing 300,000 people over the million-dollar mark.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[],"tags":[],"class_list":["post-242576","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/242576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=242576"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/242576\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=242576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=242576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=242576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}