Global Crisis, Millionaire Asset Down 11%
Global crisis since 2008 caused the number of property millionaires around the world participated the first time contracted in a decade.
A recent survey Boston Consulting Group (BCG) states, the financial crisis has been shrinking funds under management at the asset management division fell 11.7 percent to just USD92, 4 trillion. The number is almost equal to the level of achievement of wealth in 2007. The factors that the subject of BCG assessment is to supervise the asset management industrial area North America, particularly the United States (U.S.) into areas worst affected by the crisis which originated in the Superpower.
In the U.S. decline in the wealth of the millionaires to reach 21.8 per cent to only $ 29, 3 trillion, mainly due to upset the investment sector and capital markets since mid-2008. Other regions are also the worst affected by the global crisis is the world’s wealth centers of Switzerland and the Caribbean. In the second area of asset millionaires in 2008 fell to $ 6, 7 trillion from the original $ 7, 3 trillion in 2007, weakened about eight percent.
? The decline of economic activity has destroyed the trust in a long time,? Managing Director of BCG said Bruce Holley in his office in New York, told Reuters.
The survey also estimates the wealth wealth management company (wealth management) will not return to the 2007 level to reach USD108, 5 trillion. According to BCG forecasts, at least the new conditions will recover in 2013 or six years after the crisis. European region including the region’s least decrease the amount of wealth.
Until 2008, BCG noted there are about $ 32, 7 billion, whereas in the North America region fell 5.8 percent. According to BCG, the economic decline in some countries also have caused the number of world billionaires shrink 17.8 percent to just nine million people. The number of millionaires Europe and North America which fell at most 22 percent.
beitarnews | Forex | 09 18th, 2009 |












