When measuring assets under management -- cash deposits, money market funds, listed securities, and onshore and offshore assets, but not wealth attributed to investors' own businesses, residences, or luxury goods -- the U.S. continued to lead with more than 4.7 million "millionaire households," followed by Japan and China. More from BusinessWeek.com:
Singapore, a country with a population of about 5.1 million, had the greatest concentration of millionaire households: 11.4 percent of the country's total. Wealth may have returned to precrisis levels last year, but confidence has not yet. BCG expects global wealth to grow an average 6 percent annually through 2014, led by robust economies in the Asia-Pacific, but Peter Damisch, a BCG partner and a co-author of the report, says people are still
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Of course the recession has closed the gap between rich and poor considerably , yet the US is still the best off , China may soon have more millionaires but it will be a while before they have more per capata.