Economy

Russian Federation is world leader in increase of dollar millionaire

Russian Federation is world leader in increase of dollar millionaire”

While the ranks of the millionaire next door, with $1 million to $5 million in investable assets, .

Internationally, the community of dollar millionaires grew by 7.4 percent past year, mainly thanks to real estate prices and confident stock markets around the world, reaching 14.9 million millionaires. In comparison with other countries, this indicator is rather low. Almost 4.9 million live in the United States, 2.9 million in Japan, and over a million in both Germany and China, which, predictably has been rapidly rising up the rankings as its economy has expanded. "Additionally there's a stock market upturn and savings, although that is slowing down somewhat", said Johan Bergström, head of finance at tech and outsourcing firm Capgemini Consulting, which releases the report annually. Russian Federation can boast the world's fasted-growing number of millionaires with fortunes denominated in the USA dollars, Capgemini global consultancy revealed in the World Wealth Report 2017, which it released on Thursday. This category, according to the criteria for the report, includes people with a fortune of $30 million are classified. At the same time, more than a third of the total amount falls to the share of super-rich.



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