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Tuesday
May312011

Rich Keep Getting Richer, New Report Claims

Brand X Pictures/Thinkstock(NEW YORK) -- The world's rich continued to get richer over the last year, according to a report from The Boston Consulting Group issued Tuesday.

Their figures show that globally, there is about $121.8 trillion in global wealth around the world today, up $20 trillion since the depths of the financial crisis. The firm, which looks at investable global wealth assets like cash, money market, stocks and bonds, excludes from their calculations the value of a person's owned businesses, homes and luxury goods.

According to BCG's data, millionaire households represent just 0.9 percent of the global population, but control some 39 percent of the planet's wealth -- up from the 37 percent the group represented in 2009.

The U.S. has the largest population of millionaire households (5.2 million), but Singapore has the densest population of wealth with 15.5 percent of the city-state’s population qualifying as super rich.

Copyright 2011 ABC News Radio

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