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June 28, 2010 at 08:00 PM
The world’s population of high-net-worth individuals increased to 10 million in 2009, up 17% from the total recorded a year earlier, researchers report.
Capgemini U.S. L.L.C., Paris, and Merrill Lynch Wealth Management, a unit of Bank of America Corp., Charlotte, N.C., have published that figure in a review of the high-net-worth (HNW) market.
The HNW population is now close to where it was 2 years ago, before the 2008 financial crisis rolled in.
The recovery has generally been stronger in emerging and developing nations than in mature ones, but a majority of the HNW individuals are in the United States, Japan and Germany, analysts say.
