Predictions of the death of the economy are greatly exaggerated

Predictions of the death of the economy are greatly exaggerated, The world economy may still be in animic mode, world sharemarkets have plummeted, but global wealth continues to grow, hitting an all-time high this year of $231 trillion, The wealth of the millionaires grew 29% twice as fast as the wealth
in the world as a whole, led by growing wealth in South Africa, India, Australia, Chile and  Singapore. according to a new global wealth report from Credit Suisse.

And more than ever, that figure is concentrated at the top of the pile. A mere 0.5% of the world's population owns an eye-popping 38.5% of its total wealth.That’s up from a share of 35.6% in 2010, and their wealth increased by about $20 trillion, according Credit Suisse.

That's another statistic that the Occupy Wall Streeters and Bay Streeters can hoist on their placards, As protests against the "1%" continue to rage on the streets in downtown Toronto and cities across the globe, we're taking a look at how wealth is distributed and which countries are increasing their share of the world's richest people.

According to the report, the U.S. has been the largest wealth generator over the past 18 months, adding $4.6 trillion to global wealth. China ranked second with $4 trillion, followed by Japan ($3.8 trillion), Brazil ($1.87 trillion) and Australia ($1.85 trillion).

China, India and Brazil will see the fastest growth in the coming years. China now has a million millionaires. Wealth in China and Africa is expected to grow 90%, to $39 trillion and $5.8 trillion respectively. Wealth in India and Brazil is expected to more than double to $8.9 trillion and $9.2 trillion respectively, by 2016.

There are 29,000 people world-wide worth $100 million or more and 2,700 worth $500 million or more.

The charts are from Credit Suisse's 2011 Global Wealth Report. Click here to download the full report.

Click here to see the charts

Read more: Meet The Richest Person From Every Major Country In The World

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REAL ESTATE SNATCH is the independent real estate blog of Samir Safadi, Sales Representative of West-100 Metro View Realty Ltd, brokerage it is dedicated to covering Real Estate News, digital culture, social media and technology, providing analysis of trends, Market Data , reviewing new development. Offering Real Estate services resources and guides. Services are provided to prospective buyers and sellers of real estate by Samir Safadi, Sales Representative, West-100 Metro View Realty Ltd, brokerage, duly registered in the province of Ontario, under Real Estate and Business Brokers Act, 2002 (REBBA 2002) and Member in good standing with



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