We have a duty to help Armenia in the fight against the aggressor - Anne-Laurence Petel European Council's Political and Security Committee Members to visit Armenia Armenia government makes allocations to hold events for Parajanov, Aznavour 100th birth anniversaries Yerevan ex-mayor Hayk Marutyan is founding political party ‘Europeans for Artsakh’ discusses upcoming actions toward protecting Karabakh’s interests Consistent support to 16 Armenian Educational Institutions Operating in Lebanon Secretary Blinken and USAID Administrator Power will join a U.S.-EU trilateral meeting with Armenia Argentina’s Milei bans gender-inclusive language in official documents RA NA delegation meets with UAE delegation within the framework of 148th Assembly of Inter-Parliamentary Union Ucom launches network modernization efforts in a few regions of Armenia 

Global Wealth. Inhabitants of the Earth became rich in 2012 by 7.8%, to $135.5 trillion

World

Two hundred and ten people made their debut on Forbes’ annual billionaires list this March, bringing the total to a record 1,426 individuals. Collectively, the world’s billionaires controlled $5.4 trillion of wealth, an all time high, up from $4.6 trillion the year before. But the average billionaire’s net worth rose by just 2.7% year over year, from $3.7 billion to $3.8 billion, suggesting that though the cohort is rapidly expanding, the average billionaire did not get substantially wealthier last year.

According to The Boston Consulting Group’s 13th annual Global Wealth Report, issued Thursday afternoon, the world as a whole fared measurably better than the average billionaire. BCG found that global private financial wealth grew at the impressive clip of 7.8% in 2012, besting the 7.3% and 3.6% expansion logged in 2010 and 2011, respectively.

That 2012 was the best year in recent memory should not shock anyone who kept an eye on the markets. The S&P 500 produced a total return of 16% last year. As such, BCG found that “the principal driver of the rise in wealth was the strong rebound in equity markets.” The effect was particularly pronounced in the mature economies of what BCG calls the “old world”, where $3.9 trillion of the $5.3 trillion in total wealth generated in 2012 came from the appreciation of existing assets.

In the developing economies of BCG’s “new world”, however, the phenomenon was inverted, with newly created wealth accounting for 55.6% of total wealth growth. At $2.5 trillion, the newly created wealth in these economies was also greater in nominal terms than the $1.4 trillion of newly created wealth in the “old world”. This was the result of another year of strong GDP growth in the developing world, where the collective economy expanded 10.1%. In comparison, North America, Western Europe and Japan’s collective GDP grew by just 2.3% on the year.

Continued double digit GDP growth, a rising savings rate and soaring equity markets fueled a 12.9% increase in private financial wealth in the developing world last year, while the total private wealth growth rate of the “old world” lagged the world as a whole, rising 5.9% on the year. If this trend continues, the Asia-Pacific region will be home to a projected $48.1 trillion in wealth by 2017, making it the wealthiest region in the world. North America currently holds that title with $43.3 trillion, $15.3 trillion more than the Asia-Pacific region, but that figure is projected to rise to just $48 trillion by 2017.

For the time being, the United States is still home to more wealthy individuals than any other nation, with 5,876,000 millionaire households. Japan comes in a distant second at 1,460,000. The U.S. also leads the way when it comes to ultra high net worth households with more than $100 million in private financial wealth, with 3,016 such households. The U.K. falls in second place with 1,001. China lies in wait in third place on both lists, with 1,304,000 millionaire households and 851 ultra high net worth households. If the West continues to rely on existing assets for wealth growth, it won’t be long until China leads the world in both categories.

Հետևե՛ք -ին Youtube-ում`
We have a duty to help Armenia in the fight against the aggressor - Anne-Laurence PetelEuropean Council's Political and Security Committee Members to visit ArmeniaAbu Dhabi plans to create paradise for gamers: World's first eSports islandNature Neurology: Chemicals in baby wipes can damage brain structures, study showsArmenia government makes allocations to hold events for Parajanov, Aznavour 100th birth anniversariesArmenia to provide $300,000 to Japan for earthquake reliefArmenia MP: Euronest called on EU to increase humanitarian, financial aid for forcibly displaced Karabakh childrenQatar Airways has introduced first virtual flight attendant operating in AIYerevan ex-mayor Hayk Marutyan is founding political party‘Europeans for Artsakh’ discusses upcoming actions toward protecting Karabakh’s interestsKim Kardashian is sued over furnitureForeign firms' losses from exiting Russia top $107 billion: ReutersConsistent support to 16 Armenian Educational Institutions Operating in LebanonPutin says Russia will not attack NATO countries, but F-16s will be legitimate targets “wherever they might be located”Pashinyan: Some circles forcibly displaced from Karabakh are taking steps that create threat to Armenia’s securityState Department disagrees with Azerbaijan comments on upcoming US-EU-Armenia meetingNo official versions of Crocus City Hall terror attack voiced yet, PeskovNewspaper: Generals are gone, Armenia PM has decided to hand over some Tavush Province settlements to AzerbaijanDeath toll from Crocus City Hall attack reaches 143Secretary Blinken and USAID Administrator Power will join a U.S.-EU trilateral meeting with ArmeniaVolvo launches its last diesel carRevisit the Tom Hanks Oscars acceptance speech that Spielberg called ‘incredible’CONCACAF Nations League final between US men’s team and Mexico stopped twice by ‘discriminatory chanting’Argentina’s Milei bans gender-inclusive language in official documentsLukashenko undermines Putin’s Ukraine claim on Moscow concert hall attackSteven Spielberg: ‘The echoes of history are unmistakable in our current climate’Russia MFA spox: We do not use the term ‘Zangezur corridor’Armenia does not join CSTO statement condemning terrorist attack in Moscow RegionWhich Samsung smartphones will receive AI functions tomorrow?Deputy Speaker Hakob Arshakyan discusses Yerevan-New Delhi direct flights with Indian counterpartCentral Bank of Armenia: exchange rates and prices of precious metalsRA NA delegation meets with UAE delegation within the framework of 148th Assembly of Inter-Parliamentary UnionUS and South Korea want to block oil supplies to North KoreaCharity dinner: “Successful Businesswomen Support Novice Women Entrepreneurs”Parliament speaker: No part of Armenia territory is subject to negotiationFrance-Armenia friendship group of National Assembly of France visited Armenian Genocide MemorialAraratBank places its 27th issue of dollar bondsUcom launches network modernization efforts in a few regions of ArmeniaEU and US will share responsibility for any destabilizing action: HajizadaNumber of those injured in Moscow attack rises to 360US State Department warned Israel of international isolation if it launches a large-scale operation in RafahStart of dialogue on visa liberalization between Armenia and EU will be important step for deepening relations: Friends of Armenia Network reportWashington's goal is to help Armenia and Azerbaijan achieve lasting peace. MillerPalestinian death toll from Israeli attacks in Gaza climbs to 32,414: ministryEU mission presented situation in Gegharkunik to French delegationOil Prices DownTigran Balayan to Toivo Klaar: Azerbaijan is gearing up for new aggression against ArmeniaXiaomi unveils cheap smartphone Poco C61, which has flagship designFrench Ambassador to Armenia reminds about right of return for Nagorno-Karabakh ArmeniansLukashenko briefs on Belarus’ role in detaining Crocus City Hall attackers
Most Popular