The number of millionaires in Spain up 5.4% since 2011

ESPITE the economic doom and gloom, the rich are getting richer, and some of them are Spanish. Last year there were 144,600 individuals in Spain with assets of $1 million (€0.74 million) excluding their principal home and consumables.

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This was 5.4 per cent more than in 2011, revealed the 2013 Capgemini & RBC Wealth Management report. Globally, a further one million became High Net Worth Individuals (HNWIs) bringing a total of 12 million people worth of $46.2 billion (£34.5 billion). This represents a 9.2 per cent increase, following a 1.7 per cent fall in 2011. North America, overtaken by the Asia-Pacific region in 2011, retook its position at the head of HNWIs with 3.73 million people worth a total of $12.7 billion (£9.48 billion). Asia-Pacific’s 3.68 million HNWIs were worth $12 billion (£8.95 billion). Reproduced from an article that appeared in EuroWeekly News

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