More millionaires in China than in Britain now.

According to an article in today's Independent, page 38. Survey of the super rich by Capgemini / Merrill Lynch World Health Report reveals that the number of UK's "high net worth" people (possessing investable assets exceeding £607m) dropped from 491,000 in 2007 to 362,000 at the end of 2008, which is 2000 less than the same type in China.

However, the US and Japan still retain the largest number of high net worth individuals.

Considering China's population and fast economic growth, it's hardly surprising.

I think their distribution of wealth is pretty good as well.

Sarcasm? 70% of China's population still lives in poverty.

Henry wrote:Sarcasm? 70% of China's population still lives in poverty.

Come on, Trev, he meant when compared with India . . .

doremi wrote:I think their distribution of wealth is pretty good as well.

http://upload.wikimedia.org/wikipedia/commons/a/aa/Gini_Coefficient_World_Human_Development_Report_2007-2008.png

doremi wrote:I think their distribution of wealth is pretty good as well.

true distribution of wealth can only happen when the anglo-judaic tyranny over the world is uprooted and replaced by dharam yug.

negativist creeds need to be negated and thrown into the dustbin of history. High time

Come on. 1 billion plus in China, 60 million odd jammed into Britain with crowbars. It's well beyond time one backward developing country overtook the other.

Zat wrote:Come on. 1 billion plus in China, 60 million odd jammed into Britain with crowbars. It's well beyond time one backward developing country overtook the other.

Well seeing as you are kindly taking our racists off our hands, maybe our average IQ will go up.

Are you moving to Oz, Rob?

Nah, you have to have some sort of useful skill to move there.

Rob I wrote:Nah, you have to have some sort of useful skill to move there.

Haven't bashed enough Indians to qualify...

filosofee wrote:According to an article in today's Independent, page 38. Survey of the super rich by Capgemini / Merrill Lynch World Health Report reveals that the number of UK's "high net worth" people (possessing investable assets exceeding £607m) dropped from 491,000 in 2007 to 362,000 at the end of 2008, which is 2000 less than the same type in China.

However, the US and Japan still retain the largest number of high net worth individuals.

Am I reading this wrong. That would suggest the UK had 491,000 paper USD billionaires?

No mistake. We're all rolling in it over here.

Explains why we have no inclination to get good at cricket.

Or at very much else.

Apart from making mountains of dosh, obviously.

Isn't everyone a billionaire these days?

I own a whole planet.

Get out of that. It's just a franchise from McTackyHutKing (R)

And the registered head office of McTackyHutKing is based on which planet...?

Begins with a Z...

Zoidberg?

Countries with the Most Millionaires
Half of the world’s millionaires live in America, Germany, UK, China or Canada.

United States … 3,000,000 millionaires (29.7% of worldwide millionaires)
Germany … 826,000 millionaires (8.2%)
United Kingdom … 495,000 millionaires (4.9%)
China … 415,000 millionaires (4.1%)
Canada … 274,000 (2.7%)
Australia … 172,000 (1.7%)
Brazil … 143,000 (1.4%)
Russia … 136,000 (1.3%)
India … 123,000 (1.2%).


Countries with Fastest-Growing Number of Millionaires
The number of millionaires in the following 10 countries increased by an average of 17.4% in 2007.

India … 123,000 millionaires – up 22.7% from 2006 (1.2% of worldwide millionaires)
China … 415,000 millionaires – up 20.3% (4.1%)
Brazil … 143,000 millionaires – up 19.1% (1.4%)
South Korea … 118,000 millionaires – up 18.9% (1.2%)
Indonesia … 23,000 millionaires – up 16.8% (0.2%)
Slovakia … 4,000 millionaires – up 16% (0.04%)
Singapore … 77,000 millionaires – up 15.3% (0.8%)
United Arab Emirates … 78,000 millionaires – up 15.3% (0.8%)
Czech Republic … 17,000 millionaires – up 15.1% (0.2%)
Russia … 136,000 millionaires – up 14.4% (1.3%).


http://global-economy.suite101.com/article.cfm/millionaire_wealth_statistics_by_country#ixzz0K4HTEcYa&D