Paradox of ‘winner-takes-all’ economy
That’s the conclusion of the World Wealth Report, the landmark annual study of the world’s millionaires, which was released this week by RBC Wealth Management and Capgemini Financial Services.
The report found that the number of people in the world with more than $1m (€755,000) to invest soared to a record of 12m in 2012, a 9.2% increase over 2011. The aggregate wealth of this group hit a new high, too — $46.2 trillion — a 10% increase over the previous year.
