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Tuesday, June 10, 2014

The rich are racing ahead

The amount of private wealth held by households globally surged more than 14% to $152 trillion (£90tn) last year, boosted mainly by rising stock markets. The report takes into account cash, deposits, shares and other assets held by households. But businesses, real estate and luxury goods are excluded.

The amount of wealth held in equities globally grew by 28% during the year, Boston Consulting Group (BCG) said.

The total number of millionaire households in the world rose to 16.3 million in 2013, from 13.7 million in 2012.

http://www.bbc.com/news/business-27774753

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