Despite the fact that the world's gross domestic product shrank last year, high-net-worth individuals managed to almost make up for 2008 losses, according to the Merrill Lynch Global Wealth Management and Capgemini 14th annual World Wealth Report.
The number of high-net-worth individuals globally, which includes anyone with more than $1 million of investable assets, returned to the 10 million mark last year and their wealth soared 18.9% to $39 trillion. Ultra-high-net-worth individuals, with investable assets of at least $30 million, increased their wealth by 21.5% last year.
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