The top 10 places millionaires are made

It's all about location, location, location

TRD New York TRD WEEKEND EDITION /
Oct.October 01, 2017 10:02 AM

Actors Alexander D’Arcy and Marilyn Monroe in a still from 1953 movie trailer of How to Marry a Millionaire. (Enkhtuvshin/Flickr)

The ranks of people with $1 million or more in assets is expanding around the world, according to Capgemini’s World Wealth Report. The company also predicts that, by 2025, the world’s wealthy will have accumulated more than $100 trillion in assets (last year the rich held a total of about $63 trillion).

How do they do it? Many of the investors park their wealth in stocks and, by Q2 2017, about a third of the average portfolio was committed to equities, according to Bloomberg. Over 90 percent of investors polled said equities were “an important or the most important contributor to their investment performance.”

Real estate, by comparison, was a small part of the average investor’s portfolio, accounting for just 14 percent as of Q2 2017 — a drop from the end of 2016 when property investment was at about 18 percent.

That said, one of the key principles of the real estate game is at work behind the minting of new millionaires: location, location, location.

Though Capgemini found worldwide growth averaged about 7.5 percent, some countries’ investors saw much larger growth. Here are the countries where the growth of millionaires between 2015 and 2016 were well above the global average.

10. France — 10.7 percent gain

(Taxiarchos228/Wikimedia Commons)

9. Brazil — 10.7 percent gain

(Adam Jones)

8. Canada — 11.3 percent gain

(Wladyslaw/ Wikimedia Commons)

7. Taiwan — 11.9 percent gain

(Pixabay)

6. Sweden — 12.6 percent gain

(Benoît Derrier)

5. Thailand — 12.7 percent gain

(Mathias Krumbholz)

4. Norway — 13.2 percent gain

(Lynn0927/Wikimedia Commons)

3. The Netherlands — 13.7 percent gain

(Wikimedia Commons)

2. Indonesia — 13.7 percent gain

(Yohanes Budiyanto)

1. Russia — 19.7 percent gain

(Pixabay)

[Bloomberg News] — E.K. Hudson


Related Articles

arrow_forward_ios
With a cooling trade war, stocks perform well, including real estate. (Credit: iStock)

Real estate stocks push up this week as U.S.-China trade tensions ease

Real estate stocks push up this week as U.S.-China trade tensions ease
416 West 25th Street and Maverick Real Estate Partners principal David Aviram (Credit: Google Maps and LinkedIn)

Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case

Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case
Related chairman Stephen Ross and Related Companies Portfolio CEO Richard O’Toole withBronx Terminal Market and Time Warner Center (Getty, Google Maps, Wikipedia)

Related lays out $200M debt settlement plan for Tel Aviv bondholders

Related lays out $200M debt settlement plan for Tel Aviv bondholders
68 Gold Street with CW Realty CEO Cheskie Weisz and 1340 East Bay Avenue (Google Maps)

CW Realty purchase makes TRD’s mid-market i-sales list

CW Realty purchase makes TRD’s mid-market i-sales list
(iStock)

TRD Insights: The 56 REITs whose bonds the Fed will buy

TRD Insights: The 56 REITs whose bonds the Fed will buy
A rendering of 100 Claremont Avenue, Melissa Burch of Lendlease and Ron Moelis of L+M Development Partner (Getty, Robert A.M. Stern Architects)

L+M, Lendlease snag $250M loan for UWS tower

L+M, Lendlease snag $250M loan for UWS tower
From left: 172 Madison Avenue, 100 East 53rd Street, Woolworth Tower, 53 West 53rd Street, 615 10th Avenue

Loan wolves: Bankers are stalking developers as debts come due

Loan wolves: Bankers are stalking developers as debts come due
Isaac Zion

SL Green’s co-CIO leaving firm

SL Green’s co-CIO leaving firm
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...