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September 15, 2009
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World's Millionaire Ranks Thinned by Almost 20 Percent
The Grim Recession Reaper is out there weeding out the super rich by the bushel-full as the ranks of millionaires worldwide have fallen by 18 percent--22 percent in North America--while their assets plunged in one year by a whopping $13 trillion.
Poor folk, they used to control about $105 trillion in wealth, but they were down to a paltry $92 trillion in 2008.
The Boston Consulting Group, the f...
