The global population of “ultra high net worth individuals” – defined as those with at least $30m (€22m) to invest – shrank by nearly 25% in 2008 to 78,000, while their collective net wealth slumped by 24% according to the latest World Wealth Report produced by Merrill Lynch and Capgemini. High net worth individuals – worth $1m, excluding their homes – fared poorly as well but not quite as severely, suffering a 19.5% decline in their wealth and an overall 15% decrease in their numbers.

This entry was posted by Gwen Robinson on Thursday, June 25th, 2009 at 5:02 and is filed under Capital markets, People. Tagged with Capgemini, merrill lynch. Edit this entry.