According to a new study from Merrill Lynch, there are 6% more millionaires today than there were a year ago. And the China, India, and Brazil had the sharpest increase in new millionaires.
The number of millionaires increased by 22.7% in India last year, 20.3 % in China, and 19.1% in Brazil.
The study also found that 103,320 had a net worth of $30 million or more , an 8.8% increase.
“This year’s report found that the number of high net worth individuals and the amount of wealth they control, continued to increase in 2007, with the greatest wealth being created in the emerging markets of India, China and Brazil.”
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