The financial crisis is apparently not skipping the rich. A recent report by the Boston Consulting Group says that the gap between the wealthy and non-wealthy has narrowed, and that in just one year, the number of millionaire households worldwide fell from 11 million in 2007 to 9 million in 2008. More to it, if the global wealth in 2007 accounted for $104.7 trillion, one year later it was down to $92.4 trillion. And if you were wondering, the steepest decline was in North America and Europe, even though Singapore had the highest concentration of millionaires. Meanwhile we can only wish Peter Damisch, a BCG partner and a coauthor of the report, is right when he says “wealth will begin a slow recovery in 2010 but may not reach its pre-crisis level until 2013″.
- Delux Feature: Celebrity Barber and Fitness Trainer, Lawrence Roebuck, Shares His Tips for a Healthier Lifestyle During Stress Awareness Month - Monday, May 8, 2023
- [DELUX EATS] Eco-Friendly Eats: Celebrate Earth Day with Chef Jenesis Prioleau’s Vegan Cuisine - Monday, April 10, 2023
- Mrs. Billionaire Body is On a Mission to Save the City and The World Through Health and Wealth - Thursday, April 6, 2023