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World Wealth Report

Topic closed. 2 replies. Last post 10 years ago by Rip Snorter.

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Australia
Member #17096
June 11, 2005
225 Posts
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Posted: July 18, 2006, 7:24 am - IP Logged

A high-net-worth individual is someone who has at least $US1 million (at the end of 2005 that was equivalent to $1.37 million) in financial assets, not counting the family home or "consumables". At the end of 2005 there were almost 150,000 of these people in Australia, according to the latest Merrill Lynch/Capgemini World Wealth Report.

What's more, the number of Australians defined as "ultra-high-net-worth individuals" (UHNWIs) increased to more than 1000. These are people with financial assets of $US30 million or more, not counting the family home.


http://www.smh.com.au/news/business/revealed-how-to-make-it-onto-the-filthy-rich-list/2006/06/30/1151174393690.html


    United States
    Member #16612
    June 2, 2005
    3493 Posts
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    Posted: July 18, 2006, 11:28 am - IP Logged

    I hope this individual doesn't have financial problems later in life.

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      New Mexico
      United States
      Member #12305
      March 10, 2005
      2984 Posts
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      Posted: July 18, 2006, 4:24 pm - IP Logged

      I hope this individual doesn't have financial problems later in life.

      The flip side is that most people have financial problems in life, period.  Early rhymes with late in that regard.

      There's no indication what phase of life these are in, but whichever it is, each of them have escaped for now what most of humanity never escapes.

      A more worthy hope might be that the rest of us escape it sometime during our lives.  We can make our choices from there whether to have financial problems later.

      Jack

       

      Absorb the good, ignore the bad, weigh the ugly.

      It's about number behavior.

      Egos don't count.

       

      Dedicated to the memory of Big Loooser